Will gambling business in Ukraine be legalized?

Gambling community in Ukraine advocates the legalization of casinos. And government officials believe that first, it is necessary to put an end to illegal gambling business and regulate the only legal gambling industry today – national lotteries.

Legalizing casinos in Ukraine: no progress whatsover

Two large Ukrainian hotels recently joined the Coordinating Council for the socially responsible legalization of casinos, which was established in December 2017.

Its main mission is to form a common position on important issues of the gambling industry and establish a dialogue with authority representatives and potential partners. It was assumed that the council would include representatives of the gambling, hotels and travel business. In February, top range hotels InterContinental and Fairmont, located in downtown Kyiv, announced their desire to join the Council. Their leadership supports the legalization of casinos because they are interested in opening professional casinos at their establishments.

The initiative put forward by the council have supporters in the parliament. But some of the Ukrainian politicians are agains legalizing any kind of gambling in the country. Now the only legal “gambling” business in Ukraine in natinal lottery.

The situation on the lottery market

The lottery market also causes a lot of controversy in the parliament. The Antimonopoly Committee of Ukraine (AMCU), on behalf of the government, analyzed it and submitted a detailed report on February 1. Recommendations on improving the situation were also formulated.

Among them are:

– Defining formal requirements for market participants;
– Developing a monitoring system;
– Regulationg related markets;
– State certification of lottery equipment;
– Restricting advertising of lottery services;
– Controlling user services, effective barriers;
– Limiting the locations of lottery tickets selling.

As AMCU specialists explained, the main goals of these innovations are fighting shadow gambling in Ukraine (which is often masked as lottery business); protecting citizen’s well-being; transparency and decriminalization of the industry.

Source: Ukrainegaming

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *