Affordable B2B licenses will help the development of gambling, – Ukrainian expert

Gambling News and Lucky Stories

The introduction of B2B licenses for gambling and their low cost will attract the leaders of the global gambling services market to Ukraine. This point of view was expressed by the head of the Ukrainian Gambling Association Anton Kuchukhidze. Recall that a B2B license gives the right to carry out activities to provide services to gambling operators and is issued for a period of five years. According to Kuchukhidze, the low price of a B2B license (its cost is UAH 1.8 million) will attract more foreign market participants to the Ukrainian gambling market. In addition, Anton Kuchukhidze predicts that several large operators will come to the Ukrainian gambling market. Among them – the company Endorphina and one of the leaders of the CIS gambling market – the company Evolution. As My Lucky Story previously reported, the full-fledged work of gambling establishments is being postponed due to the delay by the Cabinet of Ministers of Ukraine in compiling a list of gambling equipment for certification. In turn, Minister of the Cabinet of Ministers Oleg Nemchinov stated that in order to license gambling, the Verkhovna Rada of Ukraine must approve documents regulating the conditions for implementing software by online gambling operators. Let us add that the next two hotels have received licenses for a land-based casino and a slot machine hall in Ukraine. In addition, the Commission for the Regulation of Gambling and Lotteries of Ukraine issued licenses for online casinos to the Betting Company Favbet.

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