Legalization Of Gambling Business In Ukraine

SK
Sayenko Kharenko
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Sayenko Kharenko enjoys a global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. Currently, we are one of the largest law firms in Kyiv, with over 100 lawyers, including 14 partners. The firm specialises in complex cross-border and local matters and regularly handle the largest and most challenging transactions involving Ukraine. Sayenko Kharenko has been named Law firm of the year: Russia, Ukraine and the CIS according to The Lawyer European Awards 2019 and Most Innovative Law Firm for Ukraine by IFLR European Awards 2019.
On 14 July 2020, the Parliament of Ukraine adopted the Law "On state regulation of activities in the organization and conduct of gambling" (the "Law").
Ukraine Media, Telecoms, IT, Entertainment
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On 14 July 2020, the Parliament of Ukraine adopted the Law "On state regulation of activities in the organization and conduct of gambling" (the "Law"). It is now expected to be signed by the President and be officially published then.

The Law:

  • provides for the lift of the previous gambling ban (effective since 2009)
  • is intended to establish an open regulated gambling market in Ukraine
  • covers the following gaming verticals:

/ land-based casinos

/ online casinos

/ betting (online and offline)

/ slot machines halls

/ online poker

  • envisages separate gambling services license
  • does not limit the number of licenses

The Law does not regulate lotteries, which are not considered as games of chance and governed by a separate law.

Originally published 15 July 2020.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Legalization Of Gambling Business In Ukraine

Ukraine Media, Telecoms, IT, Entertainment
Contributor
Sayenko Kharenko logo
Sayenko Kharenko enjoys a global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. Currently, we are one of the largest law firms in Kyiv, with over 100 lawyers, including 14 partners. The firm specialises in complex cross-border and local matters and regularly handle the largest and most challenging transactions involving Ukraine. Sayenko Kharenko has been named Law firm of the year: Russia, Ukraine and the CIS according to The Lawyer European Awards 2019 and Most Innovative Law Firm for Ukraine by IFLR European Awards 2019.
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