Ukraine To Again Look At Gambling RegulationTwo-Day Conference Planned For Next Month |
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Ukraine is set to hold a two-day conference next month to consider legalizing and regulating casino gambling, which some believe could bring the state up to $5 billion in tax revenue.
According to the Kyiv Post, the conference is being called, “Game On: Bringing Gambling Back To Ukraine.” It will be held Oct. 13-14 at the Hilton Hotel Kyiv and will feature remarks from some of the country’s top public officials.
The organizer of the conference, businessman Glyn Thomas, told the Kyiv Post that the country could potentially have one of the top casino industries in the world.
“Ukraine has the opportunity with this event to get it right, so it could actually be one of the best gambling industries in the world,” he said. “Not only by virtue of starting afresh—it also has a background of IT companies that are involved in the gaming industry. A lot of software suppliers are based here already because of the renowned skill of the workforce.”
The country banned gambling around six years ago.
“The government wishes to review current legislation and the possibility of bringing gambling back to Ukraine in a measured way using best practice from other countries," Arseniy Yatsenyuk, the Prime Minister of Ukraine, said in a statement. "The effect on jobs will be immediate, the increase in tourism will benefit the country as a whole and the income from taxes will greatly assist our reform measures. This is an option we cannot afford to ignore.”
After annexing Crimea from the Ukraine, Russia has considered casinos on the peninsula.
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