On January 16, 2020, a law was adopted in Ukraine that legalised the gambling business. It caused a rally in the gambling market: entrepreneurs are actively studying new standards and considering the most profitable options for the investment in casinos. Internet projects seem especially attractive because their implementation requires lower expenses than the opening of land-based locations.
Experts of the Gaminator studio offer you to learn more about the features of Ukrainian gambling legislation and how to purchase online casinos on favourable terms. Our experts are always in touch, ready to give you a piece of advice, and help with the resolution of any issues related to gambling.
The draft bill №2285-d, adopted by the Verkhovna Rada of Ukraine, legalises the following forms of gambling entrepreneurship:
Only those registered companies can open a gambling establishment the authorised capital of which is not less than 30 million hryvnias. An important nuance is that these funds must belong to a legal entity, and the use of loans and collateral is not allowed.
Also, insured values are provided, which should guarantee visitors of offline and online casinos that their winnings will be paid on time.
Casinos can be located in hotels (at least three stars) and on the Internet.
There are several points that you should consider when you are opening a virtual or a land-based casino.
A complete ban on activities without a license and documentation that confirms that the equipment was tested
Penalties for such violations are calculated on the basis of the cost of a license multiplied by factors from 2 to 8
A ban on gambling for people under the age of 21
When visiting a casino or a betting shop, players will have to show a passport, otherwise, they will not be allowed to enter.
In case of violation, a casino will pay a fine of 500 minimum wages
Players can add themselves to the list of “self-imposed” or set a limit on the virtual gambling platform
Court injunction on gambling
Relatives of a person who has a propensity for ludomania can receive a decision of the court according to which a player with an addiction should be denied to the provision of gambling services
Limitation of the target audience of the advertising of gambling
Casino games cannot be promoted with the use of goods and services for minors.
The violation is punished by a fine (up to 300 minimum wages)
Any form of interference in the game is prohibited
Assistance in winning, framing-up the results, and other actions that may affect the course and results of games are strictly prohibited
These restrictions should be taken into account by the owners of all gambling clubs ― both virtual and land-based ones.
To launch your own gambling platform on the Internet and work in Ukraine, you must provide a bank guarantee (this is a separate account with insurance money) and act according to the standard scheme.
It is worth noting that if you decide to organise poker tournaments, then, in addition to the usual license, you will have to obtain a special permit. Without it, such an activity would be considered illegal.
To launch gambling resources is not simple or cheap. Moreover, the efforts and money of a beginning operator can be wasted. There are frequent cases when gambling projects were blocked immediately after the launch or did not bring profit to their owners. If you want to avoid risks, you will need a reliable partner, and Gaminator is ready to become one.
From us, you can order a turnkey online casino development, and we will resolve all complex issues. Such a decision will help release you from the problems associated with the opening of gambling business. You will receive a service package that includes:
The good news: to buy a ready-made solution or order a turnkey online casino will be cheaper than to develop and launch a resource on your own. The high quality of our products and services is guaranteed.
The choice is yours! If you choose Gaminator, you will be able to let us know that you are ready for cooperation via one of these communication channels:
We are interested in your success and mutually beneficial cooperation. Contact us right now!
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