Eastern European casino operator weighs-in on Ukrainian Draft Gaming Law

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• April 17, 2024
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The Ukrainian Ministry of Finance recently presented draft legislation to fully regulate casinos, sports betting, and online gaming in the country. Gambling has been prohibited in Ukraine since it was outlawed in 2009. As with other historical prohibitions, social risks were introduced including illegal operations, a growth in crime, corruption, and the loss of potential tax revenues. One only has to look at the birth of organized crime in the United States during alcohol prohibition to imagine the corollaries.

The new draft law for gaming  regulation was proposed after extensive debate and input from business representatives at conferences and gaming summits. One of the participants in the discussion was Storm International, purveyors of casinos and VIP clubs in eastern Europ…