The legalization of the gambling business in Ukraine is gaining momentum. Taking into account the importance of the topic for the country’s economy, the team of the first specialized business magazine about gambling LoginCasino.com.ua organized and held a webinar on the topic “First Cases of Legalization of Gambling Business in Ukraine.”
The online event was taking place on February 18, from 11 am to 2 pm (UTC+2).
Participation in the online event was free. Thus, everyone could listen to the exclusive speeches of state consultants and legislators of the Ukrainian gambling market, as well as a live panel discussion of the speakers.
Boris Baum, the First Deputy Head of the Advisory and Expert Council of the Commission for Regulation of Gambling and Lotteries, started a webinar speaking on the topic “Licensing and Monitoring in the Gambling Industry of Ukraine.” He talked about the main mistakes the representatives of the gambling business make when applying for a license, as well as about when the KRAIL working groups and the systems of online monitoring of licensees will be formed. According to Boris Baum, today there are much fewer mistakes in applying for a license, and the process of issuing permits has also accelerated.
Anton Kuchukhidze, Head of the Gambling Association of Ukraine, spoke on the topic “Gambling Business in Ukraine Now and in the Future” highlighting such problem points as the politicization of the gambling business and resistance to its legalization by some lobbying groups in parliament, as well as discussing options for solving these issues. As for the potential of the gambling business for the development of the Ukrainian economy, then, in terms of numbers, the minimum potential is UAH 7.4 billion, and the maximum one is UAH 30 billion and more.
According to Anton Kuchukhidze, there will be several stages in the development of the gambling business: the activity of risky companies; the start of work of moderate companies; market stabilization and long-term development.
Mykhailo Koval, Head of Legal Parimatch UA and Vice President of All-Ukrainian Union on Bookmaking Development, revealed the peculiarities and difficulties of obtaining a license for casinos and bookmakers. The speaker also touched upon the topic of taxation, and why it is important for the full launch of the industry. In addition, Mykhailo shared information regarding the case of obtaining a license by Parimatch UA.