News Business Zelensky Promises Ukraine Gambling Reforms

Zelensky Promises Ukraine Gambling Reforms

-

Gamblers in Ukraine can expect significant changes to the betting landscape over the coming months according to a statement by the President Volodymyr Zelensky.  

Earlier this month, the new Servant of the People (SoP) Ukranian government, which won the country’s general election on a platform of tackling corruption in Ukraine, confirmed that they had put together an action plan to reform the  gambling industry, and a key part of that plan was the removal of illegal gambling operations including unlicensed slot machines.  

Ukraine’s gambling sector has been tightly regulated by the Prohibition of Gambling Law that was passed in 2009. This law makes it illegal for any organisation or individual to offer gambling products, with the exception of the official lottery operators, Patriot, MSL and UNL.  

But the country’s lottery companies were among the many anti-corruption targets that SoP had in their sights during the election campaign, having accused them of being a source of cronyism.  

Speaking to the media, the President said that the government was weighing up a number of possible approaches to the reform of the gambling sector. But his statement will not be bad news to gambling companies hoping to one day gain access to the Ukraine market.  

According to Zelensky, re-regulation of the gambling market could generate significant funds that could be used to support a range of projects in the education, sports and healthcare sectors. And he also expressed the hope that it could prove a catalyst for reinvigorating the leisure industry: 

“We have five-star hotels on the market, but they are very small. There is no way to build a casino yet. We need to test how people will fight for these licenses. We want hotels to be built.” 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Free Online Bingo for Over-65s

A UK bingo company is committing to offering bingo fans over the age of 65 an alternative...

German Sports Betting Licence Process Suspended

Sports betting operators in Germany have been dealt a blow with the news that the Darmstadt Administrative...

ITV to Stage Virtual Grand National

Horse racing fans will still be able to watch one of the world’s most prestigious races, albeit in...

New Rules for Gambling Companies in Denmark

Gambling operators with a license to provide services to Danish customers will face tougher restrictions on advertising from...

Racing Post to Halt Print Version

The COVID-19 crisis has not spared the betting sector, and sports betting fans are having to adjust to...

Irish Racing Succumbs to the Inevitable

The COVID-19 pandemic has forced the shutdown of one of the few high-profile sports in Europe with the...

Must read

Guide to Online Casino Bonuses

Anyone who has visited an online casino site...

The online casino sector is one of...

You might also likeRELATED
Recommended to you