The legalization of the gambling business in Ukraine is gaining momentum. Taking into account the importance of the topic for the countryโs 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 โGambling Business in Ukraine Now and in the Futureโ 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.
Oleksii Tserkovnyi, Marketing Director of Favbet BC, spoke on the topic โMarketing in the Gambling Business,โ saying that the Favbet betting company plans to switch to a European model of perception of the gambling business. Oleksii also talked about how he and his team work on the perception of the ethics of gambling among the audience and what strategies and tools they use to promote the gambling business on the legalized Ukrainian market.
Hanna Buiadzhy, lawyer, head of VigoLex, former state secretary of the Ministry of Justice of Ukraine, highlighted the topic of Ukrainian legislation regarding advertising of the gambling business, told about its features, and gave examples of advertising of gambling, operators, and services in Ukraine.
During the webinar, experts shared insider information on how the legalization of the gambling business is progressing, on the difficulties and opportunities that arise in front of licensees, as well as how important a balanced taxation system is for the business that is new for the state.
In addition to broadcasting the webinar on the Pruffme, Youtube, and Facebook platforms, the online event was simultaneously held on the new popular social network ClubHouse. Everyone could join the broadcast on the first gambling channel in Clubhouse LoginCasino.com.ua.
It is important to hold such events because during them representatives of the state, law, and business can openly discuss problem points and options for their solution, and all those interested in the topic of legalizing the gambling business in Ukraine can ask their questions to experts live.