Parimatch has received online gaming license in Ukraine and with that it has become the first operator to receive permission for an official online gaming licence.
The operator is now set to offer sports betting, live casino and online poker in Ukraine. Ukraine is the fifth country where Parimatch holds the license.
The Ukraine Commission for the Regulation of Gambling and Lotteries (KRAIL) approved Parimatch for a gaming licence last month. However, certain procedures such as payment of licence fees etc. still need to be complied with.
As per Gambling Insider, Parimatch managing partner Maksym Liashko said: “Work still remains to be done on reforming tax legislation before the Ukrainian market becomes attractive to foreign investors. At this stage, the cost of licences for various types of gambling activities is so high that, together with taxation, it does not make investments in the nascent Ukrainian market attractive.”