UKRAINE

Ukraine may see up to 20 new casinos if gambling is legalized

After the news about legalization of gambling in Ukraine, experts discuss the future of gambling business in Ukraine.  Although there is no corresponding bill yet, the market looks forward to restore the industry, which has been officially banned for years. According to experts, the first casinos in Ukraine will be opened in big cities. Hotel operators closely monitor the news, as the President Zelensky mentioned the casinos will be allowed in 5-star hotels only.

The first casinos in hotels may begin to appear about six months after the relevant law is passed in the Parliament. A lot will depend on the cost of licenses. Vladimir Zelensky did not name a single price tag. Previously, prices varied in a very wide range – from € 300 thousand to € 2 million. Now experts have different expectations for the cost of the license.

“Potentially, 10-20 casinos may open in Ukraine. From my point of view, the cost of a license can vary from 1 million to several million dollars a year, depending on the location. For example, in Kiev it should cost more than in Kharkov. This is logical.  As for the tourist resorts zone, it would be reasonable to make the price of the license minimal to attract more investors,” Grigory Tripulsky said, who is managing partner of De Jure Law Firm.

 

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