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Ukraine Moves Forward Towards Opening of the Gaming Market

Ukraine Moves Forward Towards Opening of the Gaming Market

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The Ukrainian Government continues to develop and adopt the gaming laws which are necessary to relaunch the Ukrainian gaming market.

After the Gambling Law entered into force in August 2020, the following principal steps were completed by the Government:

  • In September-November 2020, the Cabinet of Ministers established and appointed the members of the Gambling Commission, which is now operational and actively develops industry-related regulations. 
  • On 17 December 2020, the Gambling Commission adopted the procedure for obtaining approval for premises where gambling is conducted. The procedure entered into force on 22 January 2021.
  • On 30 December 2020, the Cabinet of Ministers published the licensing terms for gambling operators, which:
    • provide for the licensing requirements concerning the activity of online and offline casinos, slot machine halls, online poker operators and betting companies; and
    • detail the procedure for obtaining licences. This means that investors are now able to apply for the licences (subject to fulfilling the requirements, and, in certain cases, obtaining secondary permits as required by law). 
  • On 2 February 2021, the Gambling Commission approved the first licence in Ukraine under the new Gambling Law and procedures.

Certain secondary legislation should still be adopted to ensure the operation of the gaming market. This secondary legislation includes the licensing terms for B2B gaming companies, the technical regulations regarding gaming equipment, the list of gaming equipment which is subject to certification, and the list of organisations authorised to certify gaming equipment. This legislation is currently undergoing development and is expected to be adopted soon.

By Rob Shantz, Partner, and Vlad Zakon, Associate, Redcliffe Partners 

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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