Date of entry into
force:
June 25, 2009
(Abstract)
The Law introduces limitations on gambling business in Ukraine.
Article 1 of the Law provides definitions of the main terms used in the
Law. Gambling business is an activity aimed at organizing and conducting
gambling in casinos, slot machines, in bookmaker offices and in electronic
(virtual) casinos, carried out by organizers of gambling to receive profit.
According to Article 1 of the Law, gambling includes any game that requires
the player to make a bet that enables them to receive a prize, and the result
of which depends on chance partially or completely.
Gambling does not
include:
·
organizing and holding lotteries;
·
organizing and
holding creative competitions, sporting events, etc., regardless of whether
their conditions include a prize in monetary or property form;
·
pool, bowling and
other games that do not involve awarding of prizes to the winner;
·
games on
"crane machine" type of gaming machines (two-coordinate machines), in
which the player receives exclusively material prizes (toys, candy, etc.);
·
free draws that
are part of advertising (promotion) of a certain product, service, trademark,
brands of goods services, types or directions of business entities or commercial
programs, with prizes in a monetary or property form;
·
draws in form of
competitions (games, quizzes), on conditions of free participation and awarding
of money or property prizes to the winner based on the best display of personal
knowledge and skill;
·
free draws carried
out for purposes of entertainment, charity or education.
According to Article 2 of the Law, gambling business and participation in
gambling is forbidden in Ukraine,
Business entities that organize and conduct gambling in Ukraine are subject
to financial liability in form of a fine in the amount of eight thousand of
minimum wages, with confiscation of gambling equipment, while the profit
(revenue) from such gambling is subject to transfer to the State Budget of
Ukraine. The above sanctions are applied by decision of the court, resulting
from a claim filed by the state tax service bodies.
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