Draft Law issued

Basic translation of the draft law issued today: 

NB The actual draft contains very particular requirements IE.....per casino - per location with specific needs for staff employed, additional fees per table / slot. PLUS additional requirements relating to nline and bookmaking. The section below is just a precis. A full version will be avilable soon to members of the Association.

 

Gambling
 

• gambling carried out only by the law;

• electronic system of state monitoring that will provide control mode
real time activity of gambling, registered rates paid winnings (prizes)
payments made, the form of payments to players;

•  basic principle of the organization and conduct of gambling is "Responsible Gaming", which
involves organized gambling measures to prevent and minimize
the negative effects on an individual from participating in gambling;

•  gambling activity on the Internet, licensing such activities;

•  conditions for the development of tourism and hotel business in Ukraine

 

BASIC REQUIREMENTS

 

The organizer of gambling can only be a legal entity (for legal entities of all uniform requirements):

1. Created in the form of a business partnership, which is established and carries out activities on the territory of Ukraine
prescribed by law;
2. The amount of authorized (share) capital is equal to or exceeds the amount equivalent to 2 000 000 (two million euros) at the date of issuing the gambling license to the organizer;
3. The authorized (share) capital is formed exclusively in cash. Authorized (share) capital can not be formed with budgetary funds or funds involved in credit (a loan) or at
pledge.
 
GENERAL INFORMATION

 

In Ukraine, it's allowed to organize and hold only the following activities:

• Organizing and conducting betting activities;
• organization and conduct of gambling casino;
• issue and holding of lotteries.

 

State regulation of activity in the organization and conduct of gambling by the Verkhovna 
Rada of Ukraine, the Cabinet of Ministers of Ukraine, central executive authority, which provides
development and implement the national financial policy, the authorities, the central body
executive, to form and implement the national tax and customs policy, other
executive agencies pursuant to their authority.

National Service of gambling is the central executive body that implements
State policy in the organization and conduct of gambling activity is directed and
coordinated by the Cabinet of Ministers of Ukraine through the Minister of Finance of Ukraine (hereinafter - the authorized body) -
The authorized body is formed by the Cabinet of Ministers of Ukraine.

 

Lottery market regulation is based on the following principles:

• the principle of a single operator, defined on a competitive basis;
• implementation of international standards for the development of lottery industry in Ukraine;
• guaranteeing the principle of responsible gaming in Ukraine;
• creating conditions to attract investment in Ukraine.

The license for the production and lotteries issued the results of the competition conducted
Authorized body in the manner prescribed by this law. Terms of the competition are
established by the Authorized Body.

To participate in the competition entities need to meet the following requirements:
• proceedings for at least five years before the application of the production and / or conduct
lotteries;
• presence of international experience in the production and / or lottery at least in three foreign
states;
• overall turnover for the five (5) financial years preceding the competition, not less than
3,000,000,000 (three billion euros).

Lottery Operator has the right to deliver to another party (a sub-licensee) that meets the requirements laid in
this Act, the right to conduct separate lotteries with mandatory connection to the sub-licensee email
system adoption rates.

The fee for the license to produce and hold lotteries, and the order of payment established by
the results of the contest. The license for the production and lotteries issued by the Authorized Agency
for a period of ten (10) years.
 

Organization and conduct of gambling in casino gambling establishments are allowed only in special gambling zones.

The area of ​​special gambling zones are:
• area buildings, which are located in the hotel category of "four stars" and "five stars", with license plate
Fund least 200 (two hundred) rooms in Kiev and at least one hundred (100) rooms in other towns
points and outside the settlements;
• passengers waiting in the controlled area of international airport buildings.

Organizer provides accommodation casino gaming equipment (precise requirements for the number of gaming tables
and number of employees). The law defines fixed cost for each table or slot machine.

The annual cost of the license:

• 1,000,000 (one million euros) at the official rate of the National Bank of Ukraine on the day of payment - for
gambling casinos in Kiev;
• 600 000 (six hundred thousand) euros at the official rate of the National Bank of Ukraine on day of payment - for
gambling casino in the city with a population of 500,000 people and more;
• 300,000 (three hundred thousand) euros at the official rate of the National Bank of Ukraine on day of payment - for
gambling casino in the city with a population of less than 500,000 people and beyond
outside settlements.
• 1,500,000 (one and half million euros) for the online casino, the official rate of the National Bank of Ukraine
date of payment
 

Betting activities may be carried out:
• In the betting offices that meet the requirements under this Act, other laws and regulatory acts;
• Internet.

Bookmakers are placed in non-residential premises having a separate independent entrance outside. Area of ​​the room where sports betting is located is not be more than 300
(three hundred) square meters.

Bookmakers are not to be located at housing sites, unfinished 
construction of buildings (structures), buildings designed for children and / or educational institutions, enterprises, institutions
and organizations, cultural facilities, religious and / or religious institutions, in pharmacies, medical companies and more.

The fee for a license for the organization and conduct of activities in the betting bookmakers
offices consists of two parts:
• The total license fee to the organization and conduct of activities in the betting bookmakers
offices and
• fee per license for sports betting.

The annual amount of the total license fees for organization of betting activities
betting offices is an amount that is equivalent to 1,500,000 (one million five hundred thousand)
euro. Cost of licenses for sports betting is defined separately (3,000 euros and 1,500 euros, depending
by locality)