New Ukrainian Gambling Regulator Approves First Licence
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Ukraine’s Commission for the Regulation of Gambling and Lotteries (KRAIL) has approved the first gambling license.
This license has been awarded to operator Spacex for its Kosmolot brand. The operator must pay a UAH30.7m ($1.1m) online licence fee to obtain a five-year licence.
Spacex applied for an online casino licence in December. Its application was initially delayed because the commission asked for more information on the firm’s ownership structure to check it met the requirement that licensees are based in Ukraine.
Source: Latest News on European Gaming Media Network
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