Former prosecutor appointed as Head of Ukraine’s new regulator
Novikov Gennadiy Olegovich is set to lead PlayCity, Ukraine’s recently re-vamped gambling regulatory body.
Key points:
– Novikov Gennadiy Olegovich has been appointed as the Head of PlayCity, Ukraine’s new regulator
– PlayCity was recently formed following the liquidation of Ukraine’s previous gambling regulatory body
– Olegovich’s previous experience includes a four-year term as Head of Ukraine’s National Agency for the Prevention of Corruption
According to local reports, former Head of Ukraine’s National Agency for the Prevention of Corruption, Novikov Gennadiy Olegovich, is set to become the acting Head of the nation’s new gambling regulator PlayCity.
Following the official disbanding of Ukraine’s Gambling and Lotteries Regulatory Commission (CRGL) last month by the Ministry of Digital Transformation, the nation’s newly formed gambling regulator, PlayCity, has now appointed Novikov Gennadiy Olegovich to oversee the market. Indeed, in the wake of the liquidation order, signed by President Zelenskyy on 1 April, the former Commission’s team has been transferred in its near entirety to the new-look regulatory body.
With regard to this latest appointment, Olegovich will now oversee PlayCity’s regulatory operations and help enforce both stability and allow space for innovation within Ukraine’s gambling market. Prior to this appointment, Olegovich worked within the prosecutor’s office in Ukraine’s Sumy region for eight years. Following on from this, he held a number of compliance and prosecution-related positions within government, before eventually being appointed for a four-year term as Head of the National Agency for the Prevention of Corruption in 2020.
The announcement of Olegovich’s appointment was made alongside the announcement of Maxym Volodymyrovych Kuterha’s temporary appointment Director of the Bureau of Economic Security of Ukraine via Ukraine’s official Telegram page.
Good to know: The CRGL was officially liquidated due to allegations of corruption and inefficiency
As such, this latest update falls in the wake of news that Ivan Rudyi, former Head of the CRGL, had been detained for alleged ties to a Russian online casino, alongside additional unrelated accusations, in December. More recently, in February, the State Bureau of Investigation (SBI) of Ukraine announced that it had officially detained a Director of gaming company Pin-Up.
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