Georgia’s prime minister Irakli Gharibashvili said gambling turnover reached a “catastrophic figure” in 2022.
Law Firm Anđelović, Siketić & Tomić d.o.o.
Anton Kuchukhidze, Chairman of the Ukrainian Gambling Council
Gambling in Belarus is legal, whereby online part thereof is picking up after changes of legislation which occurred in 2018/2019. Belarusian law allows three types of gambling: casino games, slot machines and bookmaking whereby there is a strict licensing regime for land-based establishments.
In the early 2000s gambling in Russia was restricted to four gambling zones and banned from the rest of the territory, bearing in mind the reputation and the general (negative) view on games of chance by the whole community. Changes started with the introduction of an interactive bet in 2014 and created a legal basis for online betting (not casinos).
In such challenging times for the land-based casino business, many operators will already be cutting costs in order to survive. Operators who don’t face the cold, hard facts and adapt could end up on the scrap heap of forgotten casino disappointments. By Andrew Cosgrove
Casino Life talks to Anton Kuchukhidze, Chairman of the Ukrainian Gambling Council
For almost a year, the gambling business in Ukraine and the West was expecting progress on the taxation issues, and it finally happened. The Verkhovna Rada of Ukraine supported draft law 2713-d in the first reading. The law is aimed at regulating taxation of the gambling sector in Ukraine, as well as making it predictable for Western investors. The lack of the final tax rates makes the reform incomplete but now there are reasons for positive expectations.
As we move into the fourth month of doing business in Ukraine, we can announce the first results of the work. Shangri La is the first foreign-licensed casino in Ukraine and we are pleased to announce that our brand remains the market leader not only in registration primacy, but also in high-class service standards.