The process of legalizing betting and gambling in Ukraine is well advanced. The government of Ukraine has completed another, second round of the selection process to appoint four new members of the Ukrainian Gambling and Lottery Commission, who will be selected through a competition.
The bill legalizes operation online casinos, bookmakers and poker rooms net. These type of activities will require a special license. The requirements for companies that organize online gambling comply with the general requirements. These should be legal entities registered in Ukraine with an authorized capital of UAH 30 million or more. The bill allows offering […]
Money from licensing will be directed to the development of sports, culture and medicine. The document provides for the establishment of an appropriate Fund. The fund’s money will go to the development of medical care, increasing the salaries of health workers, creating hospitals of various profiles; support of sports, promotion of a healthy lifestyle; construction […]
People over 18 years will be allowed to gamble. The draft law stipulates that players must be all citizens of the appropriate age, except for “incapable and partially capable persons”, as well as those who have restrictions in accordance with the law. For the first visit to gambling establishments, a person needs to provide the […]
Kazakhstan prepares amendments to the law on gambling business. According to the lawmakers creation of three more gambling zones is planned: in Akbulak (Talgarsky district, Almaty region), in Khorgos (Panfilovsky district, Almaty region) and in Mangystau region. It is worth noting that the amendments are still being developed by the parliament, therefore, the initial text
Tax Code of Kazakhstan provides that the exemption of gambling business from VAT, which has been in effect since Kazakhstan gained independence, ends on January 1, 2019. Bookmakers are not happy with it, ZAKON.KZ reports. According to the business community, public organizations, as well as international consulting companies, the introduction of VAT for betting companies
From now on gamblers under 21 years of age are banned from entering a casino. The amendment has been adopted back in September 2014, but so far there was no provision that clearly described the procedure for checking the age of visitors of gambling establishments.
The Ukrainian budget does not receive a penny of taxes from the gambling industry, because most of gambling establishments and lotteries operate illegally. This was stated on March 23 by Finance Minister Alexander Danilyuk, who called on the Verkhovna Rada to legalize the gambling business.
Tax rates on gambling business were changed in 2018: the minimum and maximum rate increased twice from January 1. The authorities note that these taxes have been never indexed in Russia since 2004. Therefore, the tax will be reportedly grown ten times in comparison with 2017 in the next few years.
The legislature’s upper chamber has rejected the measure that would allow operators to apply for online sports betting licences.Tuesday saw the National Council vote 18-12 in favour of a suspensory veto of the bill that would allow operators to apply for online sports betting licences in Slovenia. In order to be approved, the bill needs […]