Slotegrator will attend the “Ukrainian Gaming Week” in Kyiv to give their expert opinion of the growing Ukrainian gambling market. Ukrainian Finance Committee changed the original bill regulating the industry and introduced a new flat tax on gambling winnings, and decreased license fees.
Slotegrator to Give Advice on Ukrainian Market Sustainability
Slotegrator is a software developer and an iGaming products aggregator. The company works with a large portfolio of different game and casino equipment developers. Slotegrator’s game base includes poker, lottery, slot machines, casual games, feeds for sports betting, and the company offers expert advice to every entrepreneur who wants to lunch an online or land-based casino business.
This month Slotegrator will be a part of the “Ukrainian Gaming Week“ in Kyiv and will provide expert opinion and advice on the expanding Ukrainian gambling market. The event is set for March 23-24 and will focus entirely on issues in the newly-regulated gambling industry in Ukraine.
Slotegrator head of sales Vadim Potapenko said that the company is excited to be exploring “new horizons to reach and new opportunities to grab.
Slotegrator will use the expo to extend its full portfolio of tools and advice on how to start and maintain new gambling businesses to each company or individual who wants to join Parimatch, a company that is the first to get a gambling license to operate in Ukraine. Parimatch secured a permit from Ukraine’s Commission for Regulation of Gambling and Lotteries (CRGL).
Taxes on Players and Venues on Gambling Activities
Ukrainian Finance Committee changed their original bill and introduced a flat 10% tax on player winnings if they exceed a certain amount. The Committee’s initial proposal was to set a 10% tax on online gambling and 12.5% on slot machines but later changed the bill to a flat 10% on all gambling wins but only if they exceed $1700.
The Committee also introduced an 18% corporate tax rate for gambling operators. Initially, the bill proposed a triple license fee for operators, but the Committee decided to abolish this proposal.