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GTI Global Network > News > International
Ukraine president wants to legalize gambling
Ukraine is seeking new ways to boost tourism, and President Vladimir Zelensky is reportedly interested in turning to gambling to do so. Gambling has been outlawed in the country since 2009, but the president wants to legalise it to generate revenue. Zelensky said that he intends to legalize casinos in five-star hotels. “We will legalize gambling, particularly casinos’ operation in five-star hotels. This [step] will stimulate the development of a tourism cluster and region on the Black Sea coast,” he said, according to Tass. Zelensky talked about the casino industry during the Ukraine-Turkey business forum in Istanbul. He said that instead of seeing Turkey as a competitor, he wants to take the Turkish businesses as partners. “Let us jointly promote the tourism brand of the Black Sea across the world,” he told Turkish investors. Ukraine banned gambling in 2009, but gambling businesses still operate without contributing to taxes. Therefore, they don’t bring revenues to the national budget. The Finance Ministry said that gambling could bring approximately US$200 million to the budget. However, experts believe that more that Ukraine could perceive more than US$400 million if they legalize gambling. (2019/09/30)
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