During the first three months of 2022, Ukraine’s largest gambling company paid UAH 147 million in licenses, taxes, and fees to the state budget.
In the condition of Russia’s full-scale military invasion of Ukraine, the country needs more stable budget revenues than ever before. After the legalization of the gambling industry in Ukraine, it has the potential to become a new growth point for the country’s economy, and now legal gambling operators use the opportunity to fill in the State budget during the war.
Parimatch Ukraine (legal entity – Parimatch LLC) became the first officially licensed bookmaker in Ukraine in 2021. For two years of activity, the organizer of gambling paid UAH 262.8 million to the state budget of Ukraine: UAH 216 million paid for a license to carry out gambling activities, and UAH 46,8 million paid for an online casino license.
The President of Ukraine Volodymyr Zelensky has declared recently that despite the war, the state budget must be filled and provide the necessary expenditures. Parimatch Ukraine, as a responsible business and leader in the gambling industry, continues to meet all its financial obligations on time. In particular, the company has already fully paid for operating licenses in 2022, as well as all necessary taxes to the state budget of the total amount of UAH 147 million.
We will continue to adhere to all financial obligations to the state and demonstrate what honest and responsible business is. We have adapted the company’s strategy and understand how to move forward and what our new goals are. Restoring the company’s economic condition and keeping jobs is the most important and urgent help to the country. After all, now we need stable financial revenues, and people need timely wages and a social assistance program, – Natalia Gilevych, CEO of Parimatch Ukraine said.
A successful business is impossible without a team, and the team needs more help in times of uncertainty and increased danger. During the first days of the war, Parimatch Ukraine focused on supporting colleagues by reconnecting with everyone, making sure they were safe, and evacuating them and their family members if needed.
We have revised the social assistance list, added the rent compensation to those who were forced to leave their homes, and travel compensation for those who moved around Ukraine or abroad. We also provided military ammunition for our colleagues who decided to join the Armed Forces and the Territorial Defense, – the company’s CEO added.
After solving the most pressing issues, the company launched psychological support and regular online meetings with psychologists, and daily yoga or stretching classes to restore physical condition.
Over the years, Parimatch Ukraine has become known as a company that has devoted much effort to the development of sports in Ukraine, it is the largest patron and sponsor that worked with top teams in the world as well as the most famous athletes. It is to be recalled, the Parimatch brand has announced that it is to withdraw its franchise from Russia. The decision has already been implemented at the legal and technical levels.
