The expert called the advantages of the legalization of gambling in Ukraine

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According to the head of the All-Ukrainian Gambling Association (Ukrainian Gambling Council) Anton Kuchukhidze, Ukraine will get a lot of benefits from the development of a mass segment of gambling entertainment on the territory of the country. The functionary voiced his opinion during the discussion of the current state of affairs in the local industry at the profile conference “Trends in social responsibility of the gambling business”.

He confirmed his theses with the recent adoption of a number of amendments to the Tax Code, which established new fees for representatives of the gambling sphere. Thus, operators will be required to send to the budget 18% of their profit, a fee for each hired employee and additional deductions, including income and military fees. The expert also pointed out that investors have already invested about UAH 5 billion in a business related to the industry. The money will be used to modernize the infrastructure of cities and create new jobs, the head of the Ukrainian Gambling Council said.

“The most relevant topic for many is the income that will be received from the activities of legal casinos, bookmakers and lotteries. I am surprised by the fact that no one has touched on this issue over the past 12 years, and every day during this period of time our country has lost millions of dollars. But to fight withno one wanted a shadow market. Now Ukraine is in a good position, when the budget is filled with additional funds from the sale of gambling licenses. Today, this volume has reached the figure of 1 billion hryvnia. We still have time until the end of the year, so we will try to increase the benefits for the treasury,” Anton Kuchukhidze said.

According to him, at the moment, the development of gambling business in Ukraine has entered a positive stage, and the country is beginning to benefit from the entry of foreign companies and wealthy investors into the industry. At the same time, as Kuchukhidze noted, the struggle for the integrity and efficiency of the local market is not over yet.

We remind that Ukraine has started developing a Memorandum on gambling advertising.

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