Ukraine targets summer initiation for its new Gambling Law
International law firm Dentons’ CIS office has issued on-the-ground perspectives with regards to the approval of Ukraine’s ‘Gambling Law’ (Bill-2285-D).
Tuesday’s industry headlines were dominated by the Verkhovna Rada approving the bill’s second reading 248-to-95, moving to end Ukraine’s 11-year prohibition of all forms of gambling except for lotteries.
Observing Rada developments, Dentons CIS has detailed further insights on the bill’s intended progress into law, which if uninterrupted should see Ukraine adopt the Gambling Law into existence this summer
Though approved, the Gambling Law remains a draft mandate, requiring the signature of the Rada’s Committee Secretariat which should receive sign-off within a 10-day period since its parliamentary approval.
Within a week of its final Rada proceedings, the Gambling Law will be forwarded to President Volodymyr Zelensky who will be given a 15-day timeframe to review the bill and officially sign it into federal law.
Following its presidential signature, Ukraine’s government will move to publish the Gambling Law’s official text, revealing the legislative make-up of Ukraine’s new gambling framework for online gambling, sports betting and land-based casinos.
“To sum it up, we are a couple of weeks or maybe even one month away for the Ukraine Gambling Law entering into force,” states Ilya Machavariani CIS Associate for Dentons.
Source: SBC News
