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Legalization in Ukraine: “to be” or “not to be”?
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Ukraine is on the cusp of legalizing gambling. After a 10-year ban, the new government made the adoption of the law one of its top priorities.
Discussion around legalizing gambling has been ongoing almost since the ban in 2009. Over the past five years, several bills have been put in front of parliament. Moreover, in 2018, the authorities promised the IMF to legalize all gambling in order to receive additional revenues to the budget. But not one of the bills were supported, and IMF promises were not kept with state’s budget ultimately missing out.
However, in June this year, President of Ukraine Volodymyr Zelensky instructed the Cabinet of Ministers to prepare a bill on the legalization of gambling by October 1, and the parliament to adopt it by December 1, 2019.
The systematic follower of legalization was Alexander Danilyuk, who was dismissed on September 30 from the post of secretary of the National Security and Defense Council. Vladimir Groysman from the Ministry of Finance in the government then took over the mantle. He tried, in every possible way, to promote licensing conditions for the legalization of the gambling business but wasn’t able to bring a draft policy to parliament. Groysman again recently drew attention to the fact that the gambling business in Ukraine is operating “in the shadows” and has a billion UAH turnover that is not being taxed. He argues that the industry must be legalized and the parliament has every opportunity to quickly do this.
A few days ago, the Minister of Finance of Ukraine Oksana Markarova, presented the draft budget for 2020 in parliament and stated that the bill on the legalization of gambling is one of the priorities, since its adoption will provide a significant additional resource forthe state’s budget.
The lifting of the ban on gambling and liberalization of the economy as a whole is also actively supported by two of the largest players in the Ukrainian betting market: the international holding Parimatch and the company Favorit Sport.
CEO of the international betting holding Parimatch, Sergey Portnov in a comment to Ukrinform noted: “We are pleased that current and modern regulatory standards that will be created for the Ukrainian market at the legislative level, which will introduce clear, balanced rules for market players, the state and consumers. Parimatch is interested and supports the adoption of a systematic liberal law that will create an equal and transparent environment for all market participants. Thanks to many years of extensive international experience, our knowledge and expertise can be useful in an open dialogue between lawmakers, lawyers, experts and other participants in the process. We are as open as possible to this dialogue.”
Yekaterina Mashevskaya, Communications Director at Favorit Sport, believes that the main goal of the upcoming bill is to “standardize the industry according to European standards and attract additional cash receipts to the state budget. Mashevskaya comments that the “The bill will create conditions for the development of our market, the creation of new jobs, and the attraction of foreign investment Creating transparent conditions and openness to cooperation is the leitmotif of the current government and we welcome such initiatives. Gambling industry is high-tech. The legalization of the gambling business in Ukraine will provide an opportunity to develop the gaming industry in Ukraine, and this is actually a ‘blue ocean’ for the state.”
Gaming and betting industries in countries with adequate, civilized legislation are one of the main partners of the state for the funding and delivery of sports and charity projects. State funds are being created, which are funded by betting companies, and inclusive projects work from these finances. The new law on the legalization of gambling in Ukraine, first of all, should be a partnership between the government and business. It should include transparent, clear standards that create the operating conditions for those companies that want to contribute to society.
On September 30, during a presentation of the Government’s Action Program, Prime Minister Alexei Goncharuk announced that the Cabinet of Ministers would submit a bill on legalization of gambling business to the parliament in the coming days. “We want the slot machines to disappear from the streets, so the government developed a bill on behalf of the President. Yesterday, we voted for it, and in the coming days – today or tomorrow – it will be submitted to parliament.” Goncharuk said, noting that gambling will be held exclusively on the territory of hotels, the issue of lotteries is separately regulated.
The prime minister expects that the legalization of gambling will replenish the state budget by 2-2.5 billion UAH; “If we are talking about the revenue side of the budget, we expect that we will receive about 2-2.5 billion UAH due to the legalization of gambling in the budget. But we must also consider, we must understand what law will be adopted.”
Both experts and the Prime Minister agree that Ukraine needs a transparent law and a process that will formulate clear and liberal rules for all market participants. The state has all the opportunities to get the necessary expertise to prepare a balanced law. Have the lawmakers listened? Well, there is still no sign of the new law in parliament yet…but we should find out very soon.
The article was published by the state information agency ‘UKRINFORM’
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Legalization in Ukraine: “to be” or “not to be”?
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ACR POKER AND CHRIS MONEYMAKER LAUNCH ‘MONEYMAKER MYSTERY MILLION’ WITH $1 MILLION GUARANTEED PRIZE POOL
Reading Time: 2 minutes
A $109 buy-in allows players to take their shot at big bounties and poker glory, plus hundreds of qualifier flights, beginning Sunday, November 2nd
ACR Poker and poker legend Chris Moneymaker have announced the launch of the Moneymaker Mystery Million, a thrilling new online poker event giving players of all levels the chance to pursue their own million-dollar moment. Inspired by Moneymaker’s iconic journey from a modest buy-in to a world championship title, the tournament features a $1 million guaranteed prize pool and bounties worth up to $100,000.
For just $109, players can compete on their own schedule, joining hundreds of Day 1 flights from Sunday, November 2nd through Monday, December 1st to build their stack and aim for the final table. Every knockout triggers an instant surprise bounty, adding an extra layer of excitement to the competition.
Day 2 of the tournament takes place on Monday, December 1st at 3:05pm ET, culminating in the final table on Tuesday, December 2nd at 4:05pm ET, where the ultimate Moneymaker Mystery Million champion will be crowned.
“There’s nothing better than seeing everyday players turn a modest buy-in into something incredible,” said Moneymaker. “The Moneymaker Mystery Million tourney is all about giving everyone that shot — big action, thrilling bounties, huge prizes, and the chance to create their own poker story. Grab a seat, play your way, and I hope to see you at the tables.”
Players can also earn a spot in the Moneymaker Mystery Million through $50K worth of freerolls, offering multiple chances to join the legendary event for less.
For players looking for even more action, ACR Poker also runs the weekly $109 buy-in Sunday Moneymaker, featuring a $300,000 guaranteed prize pool every Sunday, and a $400,000 prize pool on the final Sunday of each month.
Fans and poker players can follow the Moneymaker Mystery Million final table action live-streamed on ACR’s Twitch channel on Tuesday, December 2nd.
For more information on the Moneymaker Mystery Million, visit ACRPoker.eu.
The post ACR POKER AND CHRIS MONEYMAKER LAUNCH ‘MONEYMAKER MYSTERY MILLION’ WITH $1 MILLION GUARANTEED PRIZE POOL appeared first on European Gaming Industry News.
Reading Time: 2 minutes
Team Vitality, a leading global esports organization, is proud to announce its new official partnership with Skin.Land, a premier online marketplace for buying and selling Counter-Strike 2 skins.
This collaboration reflects the shared ambition of both brands to offer players and the esports community the safest, smoothest, and most modern CS2 skin trading experience possible.
An alliance between two leaders driven by innovation and community
Renowned for its reliability, speed, and user-friendly design, Skin.Land has established itself as a trusted platform for Counter-Strike 2 players and collectors. The marketplace stands out for its instant cashouts, market-leading prices with no hidden fees, top-tier transaction security, and 24/7 customer support, making it one of the most premium and efficient platforms in the industry.
These values perfectly align with Team Vitality’s DNA, defined by performance excellence, community engagement, and a constant pursuit of innovation. Together, Skin.Land and Team Vitality share the same ambition: to provide CS2 fans with a trusted and high-quality environment.
A partnership designed for Counter-Strike fans
As part of this collaboration, Skin.Land and Team Vitality will roll out a series of digital and in-person experiences to bring added value to the CS2 community.
A dedicated landing page for Team Vitality fans will soon go live, featuring exclusive offers such as bonuses, promo codes, and giveaways. This initiative supports Skin.Land’s strategy to strengthen its credibility and visibility within the Counter-Strike ecosystem, while fostering long-term partnerships with leading industry players like Team Vitality.
“We’re delighted to welcome Skin.Land to the Team Vitality family. Partnering with such a trusted and innovative brand within the Counter-Strike ecosystem is a strong signal of reliability for us. Their constant focus on delivering a safe, transparent, and high-quality experience for players perfectly aligns with our own values. This collaboration reflects our commitment to working with the best to continue growing our ecosystem,” said Nicolas Maurer, CEO of Team Vitality.
“We’re proud to partner with Team Vitality, a team that represents the very best of Counter-Strike – discipline, consistency, and an unstoppable drive to win. Their commitment to excellence reflects the same principles that drive us at Skin.Land. Together, we aim to elevate the experience for players and fans alike, combining the Team Vitality spirit with our dedication to building a trusted and innovative platform for the community” Skin.Land Team.
The post Team Vitality welcomes Skin.Land as Official Partner appeared first on European Gaming Industry News.
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Bazoom Becomes the Official Sponsor of Gamblers Connect’s SiGMA Central Europe Delegation
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Gamblers Connect, the award-winning iGaming affiliate and media platform, is excited to share that Bazoom will be the official sponsor of Gamblers Connect’s delegation at the upcoming SiGMA Central Europe Summit in Rome, Italy.
As one of Gamblers Connect’s long-standing partners and one of the most trusted link-building and content platforms in the iGaming industry, this collaboration is another great example of creating real impact through strong partnerships. Both companies share the same vision, building with quality, not noise, and this sponsorship perfectly reflects that shared belief.
Thanks to Bazoom’s support, the Gamblers Connect team will have a greater presence at one of Europe’s most important iGaming events, connecting directly with operators, affiliates, and industry leaders from all over the world.
Gjorgje Ristikj, Founder & CEO at Gamblers Connect: “Thanks to Bazoom Group’ support as our sponsor, Gamblers Connect will be present at SiGMA Rome. Partnering with companies that believe in our mission and invest in our growth is exactly what allows us to show up, connect and deliver even more value.”
Bazoom’s innovative platform has become an essential ally for companies looking to strengthen their digital footprint. With access to nearly 100,000 verified media outlets worldwide, the platform makes it easier than ever to acquire quality backlinks and tailored content that drives real growth, all through a transparent, pay-per-link model.
Kristoffer Krog, Head of Global Partnerships at Bazoom: “At Bazoom we always strive to stay ahead of our competition and maintain our position as industry leader within link building. The partnership with Gamblers Connect for SiGMA Rome reflects exactly that, as we share the same ambitions, know-how and expert knowledge within the industry.”
The post Bazoom Becomes the Official Sponsor of Gamblers Connect’s SiGMA Central Europe Delegation appeared first on European Gaming Industry News.
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