The expert summed up the results of the development of gambling business in Ukraine in 2020

The head of the Gambling Association of Ukraine Anton Kuchukhidze at his press conference summed up the development of the gambling industry in Ukraine for 2020. The expert noted that for the first time in the history of the independent state of Ukraine, the authorities began to solve the issue of legalizing gambling in a civilizational way, taking into account all modern trends in European countries.

Kuchukhidze stressed that this process in Ukraine went quite smoothly, despite the fact that the vast majority of experts even before the signing of the relevant bill by President Vladimir Zelensky were skeptical about the prospects for the development of gambling in Ukraine.

Among other things, the analyst added the creation of a single gambling regulator to the list of achievements in the issue of legalizing gambling. Kuchukhidze is confident that Ivan Rudy, appointed head of the department, will be able to ensure the most transparent and competent process of attracting operators.

The head of the Gambling Association noted that the supervisory authority has already launched a program to protect players from the negative impact of gambling, and also created a register that will include all people who are subject to the development of gambling addiction.

The expert also stressed the importance of creating a Consulting and Expert Council on the basis of the regulator. It will include real experts in the field of law, economics and development of the gambling entertainment sector, and not managers of specific companies, as previously assumed.

Kuchukhidze added that the Ukrainian authorities have already established fruitful contacts with foreign investors who are ready to take an active part in the development of the gambling services market in Ukraine.

Recall that in 2021, gambling operators will provide Ukraine with UAH 7.5 billion.

Gambling revenues in Europe fell by almost a quarter

According to new data from the European Gambling and Betting Association (EGBA), the total revenue from gambling of European operators in 2020 will decrease by 23% compared to last year’s figure. The analytical material was prepared with the help of H2 Gambling Capital. Based on them, it is possible to assess the scale of the impact of the Covid-19 pandemic on the gambling industry across the continent.

According to the report, gross gambling revenue in the 27 EU countries and the UK will amount to 75.9 billion euros at the end of this year, compared to 98.6 billion euros in 2019.

At the same time, according to forecasts, the profit from online gambling will grow by 7% at the end of the year. Total online revenue will reach 26.3 billion euros compared to last year’s 24.5 billion euros.

The report predicts that the growth of European online gambling will continue at an accelerated pace over the next four years, with the segment accounting for 33.6% of all gambling revenue in Europe by 2025.

As for land-based gambling establishments, the statistics are less rosy. Casino revenue is expected to fall to 49.6 billion euros (33%) from 74.1 billion euros in 2019. The scale of the Covid — 19 pandemic and the curfew for gambling facilities across Europe are all to blame.

Maarten Heyer, General Secretary of the EGBA, described the situation as follows: “Like many other industries, the European gambling sector has been affected by Covid-19 this year, but the growth trend of this business continues to be strong. We are confident that in the coming years we will see a significant increase in the markets of France, Germany, Italy and Spain.”

In addition, the EGBA expressed support for the European Commission’s Digital Services proposal, as this initiative will help standardize guarantees for customers of gambling operators across the EU.

Recall that the Ukrainian gambling business asks to exempt the industry from taxes for 4 years.

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