Ukraine Will Offer Gambling by 2018

This story was published more than 3 years ago.

The Ukraine Ministry of Finance has sent a letter to the International Monetary Fund, noting that they're promising to introduce legal gambling within their borders by 2018.

The letter was necessary for the country to qualify for financial assistance and showed the IMF how it planned to reform its economy. The government stated that legalized gambling would add money to the country's budget, and that they would implement land casinos, online betting, sportsbetting, and a national lottery, which could create billions of dollars in revenues annually.

The government of Ukraine is applying for $17.5 billion in financial assistance from the IMF, and the group claimed their first $1 billion in aid last week.

Ukraine is currently in a state of flux, as an ongoing civil war has been ongoing for the last four years and has seen rebels controlling some of the Eastern part of the country.

We will be keeping up with this story and updating readers as we learn more about the country's plans.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
2 replies • Last post

Comments

bgsharpe
Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7403
Thanks given: 4032
Thanks received: 1111
11 April 2017 - 10:45pm
#1

Ukraine has been trough a lot in the past years including ..a war so i think this is a sign that the living in the country getting back to normal these days, it still one of the poorest areas in Europe though with one of worst standards of living but as we know that usually rare stop the punters just the poorest ones have lesser to loose.

lvblck
Forum AngelForum Angel
Location: The North
Joined: 6 Apr 2016
Posts: 3122
Thanks given: 202
Thanks received: 916
14 April 2017 - 1:04pm
#2

Well at least they want to offer their citizens legal gambling and I think that it's a good thing. Whether it's necessary-that's a different question.