Ukrainian President Wants New Gambling Bill

This week the President of Ukraine called on politicians to pass a new bill to legalize gambling by the end of the year in an effort to stimulate the country's economy.

President Volodymyr Zelensky demanded that gambling legislation be drafted by October 1st, and approved of by December 1st. The country is thought to be hosting a large underground gambling industry, and analysts have predicted that $1.5 billion in tax revenues could be raised annually if the activity was regulated. The country has attempted to pass legislation in the past, but bills have never reached the point where they were advanced.

Ukraine is looking to increase development across the country, especially in the Black Sea region, which is prime for vacationers. We'll be following this story and will update readers as discussions advance.