UKRAINE

Gambling legalization could boost tourism in Ukraine

According to Anatoly Amelin, the co-founder of the Ukrainian Institute of the Future, Ukraine’s income from tourism can be increased almost 4 times if gambling is legalized.

For example, in Georgia, the gambling business has been legalized in 2005. For 11 years, the turnover of the gambling business in this country increased from 0.03 billion lari in 2005 to 5.5 billion lari (about $ 2 billion) in 2017.

Last year, Georgia was visited by 8 million foreign tourists, which enriched the state budget by $ 3 billion. In 2017, 14 million tourists visited Ukraine, who left $ 1.3 billion in the country. This means that income from one tourist in Georgia is $ 350, and in Ukraine it is $ 92.

According to Amelin, legalized gambling has become one of the main attractions of tourism growth in Georgia.  If Ukraine receives the same amount of money from tourists as Georgia, then the income from tourism would grow to $5 billion a year, which is a completely different scale of business.

Source: etcetera.media

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