Ukraine’s parliament has moved forward with a bill to end the country’s ban on gambling as a measure to improve struggling state finances.
The bill now awaits the signature of President Volodymyr Zelenskiy to be passed into law.
The legislation provides for the creation of a regulatory agency that will issue licenses to applicant companies. The minimum gambling age is set at 21 years old.
According to a Reuters report, the government anticipates that relevant license fees and taxes will ultimately contribute about US$150 million annually to state coffers.
According to previous reporting the legislation will allow both online and land-based casinos; online and land-based sports betting; online poker; slot machine halls; totalisator and lottery.
Casinos will be restricted to five-star hotels, or to special gambling zones designated by the government.