Highly informative panel discussion about the Ukrainian gambling industry has been added to the agenda at European Gaming Congress VE (Virtual Edition).
Little over 2 months ago, the Ukrainian gambling industry had a landmark moment for both the international betting industry and for liberalizing the economy.
“We’re currently seeing history in the making. In short, the Ukrainian gambling industry is coming back. While gambling peaked at almost $1.4 billion in revenue in 2008, the state monopolized the market into lotteries in 2009, making it the only legal form of gambling – and prohibiting anything else” were the words of Vladimir Malakchi, CBDO at Evoplay Entertainment, in a recent interview (read in full here)
Ukraine’s new gambling legislation would allow the functioning of ground casinos in five-star hotels in the capital city of Kyiv and four-star hotels in regions. The license fee for Kyiv would be $ 2 million for hotels with a capacity of more than 150 rooms and $ 1 million for hotels with a capacity of over 100 rooms but less than 150 rooms.
All-star hotels above three stars can host slot machine facility. The license fee for slot machines would be $ 250000 and $ 100 per month for each slot machine. The facilities can use 50-250 machines with a single license.
Online casinos too will be permitted. The license fee would be $ 230000 or $ 1.150 million for 5 years for one website.
Both online and offline bookmaking activities also will get the nod. The license will cost $ 1 million a year plus $ 500 per month.
As with every newly regulated market, there is information that needs to be digested and this is why we have decided to include a special dedicated panel about the Ukrainian gambling industry at the upcoming European Gaming Congress.
The virtual edition of European Gaming Congress 2020 is taking place between 6-7 October and gathers top names of the gaming industry who will present their insights to create Europe’s largest gaming compliance gathering.
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The conference covers +28 jurisdictions and as mentioned above, Ukraine is among them with a dedicated panel.
During the “GAMING REPORT: UKRAINE SPECIAL” panel discussion, you have the opportunity to hear more about how to apply for a license, what are the insights about the market, and more by the panelists under the moderation of Andrius Gabnys (Attorney At Law – Gabnys Law Firm).
The panel will be joined Ievgeniia Derbal (Chief Legal Officer at Parimatch), Vladimir Malakchi (CBDO at Evoplay Entertainment), Sergii Romanenko (Chief Operating Officer at GGPokerok.com), Dainis Niedra (Managing Director Central & Eastern Europe at Enlabs), and Artem Kuzmenko, MBA (Partner at ETERNA LAW).
You can find more details about the speakers’ and moderator bios below.
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You can find more details about the Agenda here or you can register here!
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For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).
Ievgeniia Derbal – Chief Legal Officer at Parimatch
Evgenia is Head of Legal for Parimatch, and is responsible for the coordination of the legal function at Parimatch Holding. Evgenia is based at Parimatch’s head office in Cyprus, and is responsible for corporate structuring, tax planning, building commodity – cash flows, protecting the intellectual property of the Holding and coordinating with legal teams at local offices.
Evgenia’s expertise is in gambling taxation, intellectual property rights, and regulatory compliance. For seven years, she led Konnov and Sozanovsky’s tax practice and most recently, was Head of Legal at Media Group FILM.UA, where she was responsible for building and coordinating a team of 20 lawyers.
Evgenia has experience in the development of legislative and regulatory acts and has participated in public councils. Evgenia has diplomas in law and economics from the International Science and Technology University in Kiev.
A keen sportswoman, Evgenia enjoys skiing, snowboarding, wakeboarding, surfing, and windsurfing. She loves to travel, and spend as much time as possible with her family and two-year-old son.
Vladimir Malakchi – CBDO at Evoplay Entertainment
Heading up Evoplay Entertainment’s rapidly expanding global presence, Vladimir Malakchi has been key to the studio’s outstanding success in 2020 as it continues to go from strength-to-strength as one of the industry’s most revolutionary suppliers.
A start-up entrepreneur at heart, Malakchi has brought a wealth of experience to Evoplay Entertainment since joining the company earlier this year, having successfully scaled multiple early-stage companies across the tech space, including one of the world’s top five blockchain developers.
Ready to offer his insights on all things global and Ukraine, he holds an extensive track record across the country’s venture capital and investment environment, having guided multiple firm through the product development and strategic development process – raising in excess of $60 million.
Sergii Romanenko – Chief Operating Officer at GGPokerok.com
He has been in the gambling & casinos industry, holding several operations and management positions since 2002. He focuses on the day-to-day administration and operation of the business and also responsible for product development. Now, Sergii helps GGNetwork, the world’s largest poker network, developing its business in Eastern Europe.
Dainis Niedra – Managing Director Central & Eastern Europe at Enlabs
15 years of international experience in the B2C gambling/gaming in Baltics and CIS countries. Now is a Managing Director for Central and Eastern Europe for the Baltics’ biggest online gaming operator Enlabs.
Artem Kuzmenko, MBA – Partner at ETERNA LAW
Mr. Kuzmenko has over 10 years of experience in the practice of corporate law and M&A, specializes in advising national and international companies.
He is a member of the working group of the Law on Legalization of Gambling Business in Ukraine.
Mr. Kuzmenko has extensive experience in corporate, commercial and regulatory matters related to the activities of companies in the food industry, telecom, pharmaceuticals, retail and financial services, IT, manufacturing companies. He has a broad experience in establishment and liquidation of the companies. He participated in international projects, provided corporate projects and M&A transactions, was responsible for project management, legal support at all stages, including preparation of project documentation and contracts, advising on corporate structure, support and legal support of the work of the food industry, metallurgy, mining companies and agricultural companies.
Mr. Kuzmenko was involved in the organization of the ‘due diligence’ and ‘vendor due diligence’ checks, as well as consulting in the field of real estate.
Prior to joining in ETERNA LAW Mr. Kuzmenko worked in “Prime” law firm.
Andrius Gabnys – Attorney At Law – Gabnys Law Firm
Andrius Gabnys is an attorney-at-law and a managing partner at Gabnys Law Firm, a legal boutique based in Vilnius, Lithuania, and Tallinn, Estonia. The Firm specializes in entertainment (gambling, media, arts) and technology (IT, cybersecurity) legal aspects. Andrius Gabnys has been working in the online gambling sector for over 10 years and focuses on the multijurisdictional licensing, IP and related matters. He has extensive experience dealing with the gambling authorities in Europe, CIS countries, Africa and South America.