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Ukraine proposing the legalisation Of Gambling
Wednesday December 2,2015 : UKRAINE LOOKS TOWARDS LIBERALISING GAMBLING MARKET
Sweeping changes across all gambling sectors proposed.
The Ukraine Finance Ministry is proposing the legalisation and regulation of all forms of gambling in the country from retail to bricks and mortar casinos to online gambling.
The proposal, published on the Ministry’s website this week, calls for the establishment of a national service for gambling, coordinated by the Finance Ministry’s Cabinet of Ministers.
Further proposals point toward inviting license applications from entities who can provide Euro 2 million in cash guarantees. Licenses would come at a cost to online operators of Euro 1.5 million per annum.
A single lottery concession would be awarded through a tender process.
Bookmakers would face restrictive conditions on where their business may operate from in terms of location and area in which they are placed in buildings. They would need two licenses, the first a bookmakers license at Euro 1.5 million per annum and the second for each shop at a cost ranging from Euro 1,500 to 3,000 each. Bookmakers will be able to offer their business online under the license.
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Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
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Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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