Business news from Ukraine

Business news from Ukraine

BOOKMAKERS WILL HAVE TO GET 100 LICENSES FOR BETTING OFFICES FOR LEGAL WORK IN INTERNET – BILL

16 December , 2015  

KYIV. Dec 16 (Interfax-Ukraine) – Bookmakers, to obtain a license to operate in the Internet, in addition to a license for betting rights, will need to obtain at least 100 licenses for opening betting offices.

Such a provision is contained in bill No. 3632 on withdrawing the gambling market from the “shadow” and providing the budget with revenues to fulfill social obligations, the text of which has been posted on the website of the parliament.

According to the document, for licensing their activities betting companies must obtain two types of licenses: one for betting activities, the second one for opening betting offices. The annual fee for the first license will be EUR1 million, its duration is five years. The license for each betting office will cost EUR1,500 to EUR3,000 depending on the number of inhabitants in the settlement, while its validity is limited to the duration of the license for betting activities.