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Vol. 7 No. 8, August 2008, Dateline
Ukraine looking to tighten up
The Ukrainian Ministry of Finance is looking at more stringent requirements for operators wishing to establish casinos.
In addition, new standards for casino and gaming advertising are also being studied.
Under a new bill, opening a new casino would require minimum capital equal to around €1 million, as opposed to the current €200,000. Online gaming operators would need to have €500,000 and betting shop operators €200,000.
The bill also proposes new restrictions on the advertising of gaming. Ads would no longer be acceptable on TV or radio, the front or back cover of magazines, indoor or outdoor displays, on vehicles or in any format that has the appearance or character of advertising. The suggested penalty for violations would be the equivalent of about €34,000.
In addition, new standards for casino and gaming advertising are also being studied.
Under a new bill, opening a new casino would require minimum capital equal to around €1 million, as opposed to the current €200,000. Online gaming operators would need to have €500,000 and betting shop operators €200,000.
The bill also proposes new restrictions on the advertising of gaming. Ads would no longer be acceptable on TV or radio, the front or back cover of magazines, indoor or outdoor displays, on vehicles or in any format that has the appearance or character of advertising. The suggested penalty for violations would be the equivalent of about €34,000.
Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.
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