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Compliance Updates

Ukraine’s Draft Gambling Law Ready for Second Reading

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Ukraine is set to take its draft gambling law to its second reading this month, which if passed, would legalise both online and land-based gambling in the country.

Under the draft gambling law, the gambling activities would be carried out through 11 different licenses, which would be issued by a gaming regulator.

For a land-based casino license, there will be a yearly licensing fee of EUR1.9 million if the casino is based in Kyiv. For other cities, the licensing fee will cost EUR 960,000 per year. For cities with populations of above 500,000, it would be allowed 10 gaming tables and 50 slot machines.

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Cities with a population below 500,000 would be permitted 5 gaming tables and 20 slot machines. It would be required to have one or more 5-star hotels with no fewer than 150 rooms, whilst the casino premises need to be a minimum of 500 square meters.

For an online casino license, the licensee would be required to pay a yearly fee of EUR 624,000 before the implementation of an online monitoring system and EUR 208,000 afterwards. The license allows for both Ukranian and non-Ukranian players for online casinos.

The sports betting license, which allows for physical betting shops, would cost EUR 2.9 million before the online monitoring system and EUR 960,000 after. Similarly, the licensee is allowed to take both Ukranian and non-Ukranian punters.

Slot machine halls, which allow for up to 250 slot machines, will have a yearly licensing fee of EUR 240,000. An online poker license will cost EUR 160,000 per year.

There are also license fees per slot machine and gaming table – which are EUR 28,000 for a roulette table, EUR 14,400 for any other table game, EUR 2880 for a slot machine (not connected to online monitoring system) and EUR 960 after it is connected.

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Compliance Updates

Stakelogic Secures License to the newly regulated Danish market

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Industry-leading provider secures license to provide slots and live content in Denmark

Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.

The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.

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Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.

The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.

Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.

Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.

We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”

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UKGC Appoints Charles Counsell OBE as Interim Chair

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Charles Counsell OBE has been appointed as Interim Chair of the UK Gambling Commission (UKGC) for a nine month term which will commence on 1 February 2025.

Charles was Chief Executive Officer of The Pensions Regulator from April 2019 to March 2023. Prior to this he was CEO of the Money Advice Service, and Executive Director of Automatic Enrolment at The Pensions Regulator.

As CEO of The Pensions Regulator, Charles developed the new corporate strategy to put the pension saver at the heart of the Regulator. He delivered their first Equality, Diversity and Inclusion Strategy and Climate Change strategies – both focused on driving change in the regulator and across the Pensions Sector.

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Throughout his career, his roles have focused on setting up and delivering large change programmes requiring significant stakeholder relationship engagement: initially in the private sector and latterly in senior public sector appointments.

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Compliance Updates

SYNOT Games Secures Danish License

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SYNOT Games has obtained a B2B online slot games supplier license in Denmark, authorising the company to supply its gaming content within Denmark’s regulated market. This B2B license, issued by the Danish Gambling Authority (Spillemyndigheden), becomes effective on January 1, 2025, aligning with new regulatory requirements mandating that all game suppliers hold such a license from that date forward.

This development enables SYNOT Games to offer its portfolio of slot games to Danish operators, reinforcing its commitment to compliance and responsible gaming practices.

“Obtaining the B2B license from the Danish Gambling Authority marks a significant milestone for us in the Danish market. This license not only aligns with new regulatory requirements but also reinforces our commitment to adhering to the highest industry standards. We are thrilled to continue offering Danish players the immersive gaming experience our portfolio provides,” said Martina Krajčí, CCO of SYNOT Games.

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