The Ukraine Gaming Association (UAG) has entered into a partnership agreement with All-Ukrainian Union of Betting development (AUBD).The cooperation involves matters of gambling marketdevelopment, particularly of betting business in Ukraine.Both sides are intended to support partner investments to the state economy, as well as provide lawful regulation of the commercial activities of betting operators and betting businesses.
In terms of this mutual collaboration, the UAG and AUBD are willing to establish solid mechanisms of leading a fair and transparent business game in accordance with applicable international standards.The organizations are aimed at using the best practices to regulate activities of operators.
The said cooperation of the UAG and AUBDimplies information exchange, support of informative forums, educative promotion campaigns, and participation in discussions regarding legislative initiativeson the status of betting business on the territory of Ukraine.
Irina Sergienko, the president the UAG, has also commented on partnership with AUBD: “The UAG is looking forward to ensuring transparent regulations for running professional betting business in Ukraine.The organization will help to create conditions for increasing the level of public interest in sports and cultural events.”
She has also pointed out, that legalization of gambling business in Ukraine will result in steady growth of the state budget and sports market incomes. According to the expert opinion, legal and lawful gambling is supposed to prevent fraud in sports and assure gamblers’ security. It was also mentioned that legalized gambling would contribute to establishing a fair and transparent format of running gambling businesses in the country.
Note, please, that the UAG has recently started working with an advisory company Gaming Laboratories International (GLI) providing consultations on matters of proper gambling equipment and gambling licensing complying with the norms of local legislation.
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