Gambling business legalized in Ukraine

Gambling business legalized in Ukraine

Since July 14, 2020, gambling in Ukraine has been legalized.

Consider the requirements for representatives of the gambling business in accordance with the Law:

• All organizations providing gaming services are required to obtain a license. Otherwise, criminal liability is provided.
• Slot machines can operate on the territory of hotels rated at least 3 stars.
• Casinos in Kiev can only work in hotels with at least 150 rooms. For other regions, the requirements are reduced.
• The area of ​​the playing hall by law must be at least 500 m2. The number of employees for such organizations is at least 50 people.

In addition, bookmakers can be located in hotels of 3 stars or more. Branches are allowed to open in hotels with at least 50 rooms. The area of ​​the room must be at least 50 m2.

Licenses will be issued for 5 years, their cost for online casinos is UAH 59 million per year ($ 2.18 million), the license must be paid for a year in advance. Bookmaker activity is also licensed for 5 years, it costs UAH 566 million ($ 21 million).

To obtain a license, you must have UAH 30 million ($ 2.1 million) of authorized capital, a domain in the .ua zone, a bank guarantee in the amount of UAH 34 million ($ 1.5 million) from a state bank or authorized banks.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.