UKRAINE

Ukraine to launch gambling industry in December

The head of the Gambling Commission Ivan Rudyi expects that this market will start working on December 15. The date depends on when the Cabinet of Ministers agrees on licensing conditions.

According to the official, the team has not yet been fully formed. Four members of the commission will be recommended this week, reports liga.net. Rudyi explains that the commission is working on a bill that will legalize tax rates for various types of gambling.

“I expect that the first reading will take place in the near future, and by mid-December the document will be adopted. We have an ambition to attract UAH 1 billion to the budget by the end of the year from the sale of licenses and market launch,” said Ivan Rudyi.

Since the commission was recently established, it is planned to form its charter and staff. After the full meeting of the regulator, meetings will be held with investors who want to buy licenses.

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