Ukraine to lift gambling ban

By Marsha Turner
The Prime Minister of Ukraine has accepted a Ministry of Finance letter promising to re-legalise gambling by 2018, almost eight years after it was outlawed.

A previous legalisation proposal two years prior failed as operators felt that the tax rates and licensing fees were too high.

Those regulations implied that if sports betting, lotteries, iGaming and land-based casinos were allowed, it could have created annual revenues of US$1.5bn.

Finance Minister, Aleksandr Danilyuk said earlier this year that the government has missed out on US$370m in taxes over the last two years due to the delays in reopening the market.


NEWS SPONSOR

More News

Speaking at Kambi Group’s virtual Capital Markets Day earlier today (Tuesday 22 June), Kambi CEO Kristian Nylén gave an insight into the company’s plans to accelerate its growth in...





Analysts from Catena Media's PlayLouisiana site have projected a multi-billion-dollar sports betting handle (total wagers) for the Pelican State – once it develops a mature market. The same projections earmark over $200m...