The Gambling Act in Ukraine entered into force on January 16, 2020. The bill №2285-d passed in the first reading at the winter parliamentary session. 260 people's deputies, mostly from the Servant of the People party, cast their votes for the bill.
The bill №2285-d included 4 different documents that had previously been considered at the meetings of a committee. According to the statements of deputies from the ruling coalition, they tried to present a balanced project that would take into account the interests of all participants in the gambling market.
The legalization of the gambling business in Ukraine, according to experts, should solve the following problems:
Gambling in Ukraine is legalized in the following directions:
If an economic entity is planning to be engaged in several types of gambling entertainment at once, it will be necessary to obtain a permit for each type of activity. For a land-based casino, for example, you will need licenses for the main activity, the placement of “one-armed bandits”, and the organization of poker tournaments.
A permit for online poker is also necessary for those entrepreneurs who are planning to open an online casino in Ukraine, and a basic license for the launch of a virtual club will be required as well.
The bill №2285-d provides for the creation of a special body, the Gambling Regulatory Commission. It will include 6 members and a chairman. They will be appointed by the relevant committees after the consultation with the Cabinet.
The commission will have a variety of functions, including the execution of license agreements. The authorized body will check the documents for compliance with the established standards and issue their expert testimony on whether specific entities have the right to open a gambling business in Ukraine.
All licensees will be listed in public electronic registries. The created commission should also maintain them.
The duties of the authorized body also include online monitoring of the activities of licensees. To do this, all enterprises will be connected to a special system that will allow you to track financial transactions in real-time.
Representatives of the state revenue service will also have access to the system to control the completeness and timeliness of tax deductions.
It is impossible to open a casino in Ukraine without the acquisition of a special permit. All licenses will be drawn in electronic trading through the ProZorro system. Only those applicants who have passed a preliminary examination in an authorized body are allowed to take part in it. Also, the ProZorro platform is planning to charge a 10% commission of the transaction amount.
Gambling in Ukraine provides specific conditions for each gambling field. Nevertheless, we can name the requirements that are relevant for the casino industry as a whole:
All licenses will be issued for a period of 5 years. Their cost depends on the type of gambling.
The cost of a permit, in millions of hryvnias
From 141.7 to 566.7 (the amount depends on the location — Kyiv or another city — and the number of rooms in the hotel)
Online poker tournaments
Gambling halls with slot machines
3.5 (for each slot machine, it is necessary to pay 28.3 thousand hryvnias)
With the adoption of the relevant law, gambling in Ukraine becomes a promising and, most importantly, legal activity. This is a profitable business that will bring good money in the shortest possible time. The main thing is not to get lost in all the innovations and to be one of the first to launch a gambling business in Ukraine.
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