The bill that calls for betting and gambling legalization in Ukraine has been brought in the public domain as the Ukrainian parliament released its full text.
The new draft bill calls for legalizing igaming, online betting, online poker, and retail bookmaking.
To begin with, Ukraine will allow 10 online casino licenses, 10 online betting licenses, and five online poker licenses. On top of these, 80 retail bookmaker licenses will be issued.
There will be 20 casino licenses available only to five-star hotels. The hotels seeking to host a casino should have a minimum of 200 rooms if located in the capital city of Kiev and 150 rooms if it is in any other city.
Also, a mandatory pre-requisite of the license is that the operators must demonstrate capital of at least UAH30m (£940,000/€1.09m/$1.20m) to apply for a casino license.
While the license fee for casinos in Kiev would be determined through a competitive bidding process, UAH37m is the minimum annually.
For online and land-based casinos outside Kiev, the minimum license fee would be UAH25m annually.
The bill also creates a gambling regulator for the country, the Commission for the Development and Regulation of Gambling.
The Commission will have seven members and it would be accountable to the country’s Cabinet of Ministers. The body would be tasked with monitoring and developing the licensing process. However, the draft process would have to be approved by the cabinet.