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Industry
December 9, 2024
Ukraine Suspects iGaming Operator’s Owners of Helping Russia
An online casino in Ukraine has been accused of possible ties to Russia. As Russia’s invasion continues and the war just surpassed its 1,000th day, Ukraine remains bullish on weeding out all subversive influence from its neighbor. Pin-Up Believed to Be Associated with Russia The Kyiv Independent reported that, on December 5, the State Bureau […]
Casino
November 1, 2024
Ukraine’s Cosmolot Owner Bought by Nevada Gaming Holding
Nevada Gaming Holding has acquired Spacesiks, the owner of Cosmolot, which is Ukraine’s largest gambling company since the country’s industry re-regulation, in a groundbreaking deal that signals confidence in the domestic market. Cosmolot Owner Acquired by US Investors Nevada Gaming Holding has cited an investment rationale behind its decision to bolster Cosmolot, arguing that the […]
Industry
October 16, 2024
Ukraine Urges Google to Stop Blocking Legal Gambling Ads
The Ukrainian Gambling Council (UGC) has addressed Google with the request to stop blocking the advertising of licensed gambling operators who lawfully conduct their business in the territory of Ukraine. The UGC argues that the current, complete ban on all gambling-related advertising directly discriminates against legal businesses while helping illegal gambling operators. The Bans Hurt […]
Industry
June 7, 2024
Ukraine Continues to Block Illegal Gambling Websites
The second-largest European country, Ukraine, continues the fight against illegal online gambling. In an unprecedented act of war, the country was attacked by Russia more than two years ago. However, this did not stop Ukraine from tracking and combatting illegal online gambling. In the latest chapter of the fight against the online gambling black market, […]
Casino
June 5, 2024
Ukraine Dismisses Claims of Zelensky Casino Purchase as Russian Propaganda
The Embassy of Ukraine in the Republic of Cyprus has strongly refuted allegations that Ukrainian President Volodymyr Zelensky had acquired a casino in Kyrenia. In an official statement, the embassy characterized these reports as “another lie” intended to discredit Ukraine and its leadership and to create diplomatic friction between Kyiv and Nicosia. Ukraine Blamed Russian […]
Industry
May 28, 2024
Ukraine Issues Ban on Gambling Advertising Amid Harm Concerns
Ukraine’s government has opted to ban all gambling advertising in the country. The changes are outlined in resolution No. 583 and come amid an intense crackdown on the gambling industry. The resolution was adopted by the Cabinet of Ministers and aligns with the ongoing efforts to mitigate the negative impact of online gambling on the […]
Casino
April 30, 2024
Ukraine Goes after Illegal Gambling Operators Tied to Russia
Ukraine is on the offensive once again with the Ukrainian Prosecutor’s General Office launching a new investigation into online gambling platforms that have been operating illegally and are tied to Russia. At the onset of the 2022 war, which Russia declared on its neighbor, Ukraine sought to stem the tide of cash outflow that could […]
Industry
April 22, 2024
Ukrainian Soldiers Barred from Gambling amid New Regulations
In a bid to address mounting concerns over gambling addiction among military personnel, Ukrainian President Volodymyr Zelenskyy has approved a series of measures aimed at enhancing user safety within the country’s gambling industry. Under the new regulations, Ukrainian soldiers are prohibited from participating in any form of gambling, both in land-based establishments and online, for […]
Industry
April 10, 2024
Ukrainian Gambling Regulator Approves over 150 New Licenses
The Commission for the Regulation of Gambling and Lotteries in Ukraine (KRAIL) has been bustling with activity, processing a staggering 194 license applications during the first quarter of 2024. This surge in licensing activity comes at a time when discussions are underway regarding the potential restriction of military personnel’s access to online gambling in the […]
Industry
April 8, 2024
Ukraine: iGaming Operators Post Significant Increase in Revenues
In 2022, the same year when Russia invaded Ukraine in an unprecedented act of war, online casinos and betting operators in Ukraine reported UAH 1.94 billion ($50 million) in total revenue. A year later, their revenue skyrocketed more than 28 times, hitting nearly UAH 55 billion ($1.4 billion). Data released by the country’s service for […]