Summary of the 2015 Ukrainian Gaming CongressPublished October 14, 2015 by Vlad G
The 2015 Ukrainian Gaming Congress highlighted the need for a legalizing bill for gambling in the country, as well as some of the issues now available.
The Ukrainian Gaming Congress took place on September 29 and it covered several important aspects of the gambling industry in the country. This also marked the first big event for gambling since the activity was banned in Ukraine and one of the big topics was the unavoidable legalization of casinos and games of chance.
Event organizer Smile-Expo welcomed business representatives, industry experts and state authorities to the congress to share their thoughts and vision on the future of gambling in Ukraine.
Draft bills for legalizing gambling
A total of 18 drafts are expected to be created by lawmakers and by the Ministry of Finance with the goal to legalize gambling and create an industry within the country for an additional source of revenue.
Invited members Gennadiy Krivosheya and Viktor Romaniuk took the opportunity to present their draft of the bill for state regulation. With experience from Belarus, the bill aims to eliminate the criminal status sometimes associated with gambling and create transparent rules and regulations for the industry.
Since gambling is already available but is not regulated, legalization throughout the country will help make it more reliable and taxable. One of the main issues discussed at the congress is that the bill proposes casinos to only be installed in hotels of four or five stars; the argument being that casinos should not be available to the lower-income families for proximity benefits.
Existing gambling in Ukraine
Gambling was banned in Ukraine in 2009 but according to the statements made by Yuriy Kozhema at the Ukrainian Gaming Congress, 70% of the industry has moved to the shadows and continues its activity.
Legalization of gambling in Ukraine is supported by European experts and is also a condition for the Association Agreement with the EU. There are certainly some aspects which still need to be worked out but the conference showed a strong agreement for legalizing gambling business in the country.