Online casino operator VBet announces its entry to the Ukrainian gambling market
BetConstruct VBet, an online casino and sports betting brand, has received approval from the Ukrainian Gambling and Lottery Regulatory Commission to issue a local gaming license. The company called the event “a great honor and privilege.”
The operator said that immediately after the legalization of gambling business in Ukraine last August, President Vladimir Zelensky launched the process of forming and applying for permission to operate in this jurisdiction. The group’s efforts led to VBet becoming the first licensed online poker operator in the country.
“Our team sees great potential in the Ukrainian market and is pleased to provide our customers with fully legal and high quality entertainment solutions. VBet is always committed to supporting responsible gambling, developing local sports, following the highest standards of business ethics and filling the market with drive, creativity and passion,” said BetConstruct CEO and founder Vigen Badalyan.
VBet says its entry into the regulated Ukrainian market is an “important strategic step” towards expanding its presence in a number of globally regulated markets. In Ukraine, VBet will operate under the .ua domain.
Seda Mkhitaryan, VBet’s head of licensing and certification, said: “I am honored and privileged to receive approval from the Ukrainian Gambling and Lottery Regulatory Commission to launch an online casino and online poker platform in this state. This is an important development for us, especially in difficult times. It’s been a long and difficult road, but for our team, even the sky is not the limit.”
On July 14, 2020, the Verkhovna Rada of Ukraine legalized gambling in the country, which was considered a “historic event” by the top leadership. This type of activity had been prohibited by law for almost ten years (since 2009).
Recall that the head of UGC revealed the nuances of the system of protection of Ukrainian citizens from gambling addiction.