A license for an online casino in Ukraine will cost at least a million dollars

The Verkhovna Rada of Ukraine plans to consider a bill on the legalization of not only land-based, but also 675онлайн-казино. One of the proposed bills proposes to distribute licenses through auctions. They will be valid for 5 years and have a starting price of $1 million.

As with land-based casinos, the number of licenses will be limited, so the final cost of permitting official online gambling activities can increase significantly. In addition, there are a number of additional criteria for launching. Operators will be required to launch a website in the .ua domain zone. To do this, it is necessary to register the corresponding trademark in Ukraine, which, according to experts, takes at least a year.

In total, nine laws regarding gambling are under consideration in the Rada. The terms of their discussion are not disclosed.

Let us remind you that according to the previously presented initiatives, it is proposed to issue no more than 32 licenses for land-based casinos throughout the country. Of these, 16 will be intended for Kyiv, and the remaining 16 will be distributed among the regions. The approximate price of a license for a capital casino is called - from 3.2 million dollars. Whether it will differ in the cost of permits for regional casinos has not yet been reported.

In September 2019, President of Ukraine Volodymyr Zelenskyannouncedabout the forthcoming legalization of gambling in Ukraine and instructed the government to complete all procedures by December 1, 2019. Ukrainian authorities assume that gambling activity will bring up to 300 million dollars a year to the state budget.

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Richard "Boz" Bosworth is the main partner and CEO of the young company JC Hospitality, LLC ...
Position: Author of analytical materials Higher education Age: 24 years old Experience: more than 5 years Brief biography: Born on March 24, 1997 in the city of Volkhov, Leningrad Region. In 2015, he successfully graduated from a secondary school, after which he entered the Faculty of Mechanics and Mathematics...
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