Slotegrator will present a professional opinion on the Ukraine market’s viability and sustainability in Kyiv this month at the Ukrainian Gaming Week (UGW).
UGW mainly takes place from 23 to 24 March and wholly focuses on matters affecting one of the newest countries to join the controlled gambling sector.
Starting new markets signifies ‘new goals to realize and new chances to seize,’ stated Slotegrator, as it gets ready to submit its comprehensive set of solutions to people who want to emulate the steps of Parimatch, who became the initial operator last week to get sports betting license from the Commission for Regulation of Gambling and Lotteries (CRGL) in Ukraine.
Regardless of the consent, SBS News discovered that Parimatch has not yet received final resolutions from the Verkhovna Rada (Parliament) about licensing costs, online gambling taxation, and systems technical accreditation.
As recently as the previous month, Vadim Potapenko, Slotegrator Head of Sales, offered his opinion on Ukraine’s regulatory structure in an interview initially for Login Casino.
‘No situation is perfect. Every state’s regulation features its advantages and disadvantages,’ he said. ‘Undoubtedly, operators at all times regard taxes with skepticism. They see them as an unnecessary cost and an extra to what they are currently paying to affiliates, game developers, and payment system providers.
It is the reason a simpler tax scheme makes it easier for the operator.
‘Ukraine is on point. Licenses for land-based and online projects are available. Also, the licenses are cost-effective: most will deem them expensive, but I think that startups with the budget and experience will come up.’
‘It will decrease the players’ risks; if a casino has funds, it can assure that there will be payouts for winnings. Any latest businesses that come up on the Ukrainian market will feature efficiently managed projects with advanced brands.’
In a likely broadcast for Slotgrator’s methodology at UGW, he also said, ‘Operators from different markets may not have acquisition strategies knowledge that would be effective for Ukraine. However, if they have developed their projects successfully already in Asia and Europe they can certainly devise a method of doing it in Ukraine as well.’