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Anton Kuchukhidze: CRGL intensifies the international trend of the Ukrainian gambling

Developing individual economy sectors in times of war is a tough challenge. Promoting their international dimension under such circumstances seems an even less possible task. However, the regulator’s correct approach to interaction with business, even in challenging war conditions, may have positive outcomes. Today, the Commission for Regulation of Gambling and Lotteries (CRGL) serves as such an example.

Since the beginning of russia’s war against Ukraine, the Commission for Regulation of Gambling and Lotteries has repeatedly expressed its support for Ukrainian legal gambling. A strong condemnation of the war and calls for a total boycott of the russian market, including the gambling market, characterized the CRGL position from the first day of the war.

In addition to official statements, the Commission has also come forward and continues to do so with various initiatives to mitigate the consequences of the war for business and preserve legal gambling in Ukraine. This regulator’s position allows legal gambling operators to adapt their business to difficult military conditions and provide financial and voluntary aid to the State in fighting the aggressor.

The international trend aimed at supporting the domestic legal gambling market also does not go unnoticed by CRGL. For instance, last week, CRGL signed a Memorandum of Cooperation with the UkraineIvest public enterprise attracting foreign investment in the Ukrainian economy. The purpose of signing the Memorandum is to establish cooperation between these public institutions to increase investment in the Ukrainian legal gambling sector.

In early July, CRGL also became a member of the International Association of Gambling Regulators (IAGR). This organization is an independent international association of 69 gambling regulators, acting as a communication platform to develop and improve legal gambling in different countries.

Becoming a member of IAGR is a crucial step for the regulator and the entire gambling industry in Ukraine.

First, CRGL membership in the association may be viewed as global recognition of the successful reform and establishment of the legal gambling market in Ukraine. Indicative is that CRGL joined IAGR without paying a membership fee, which is also an expression of support and solidarity with Ukraine from the international gambling community in challenging times of war.

Second, IAGR is the largest and most effective platform for sharing experiences between regulators. Now the Commission’s specialists will have access to organizational measures and best international practices that have proven effective in other countries and thus may be adapted to the Ukrainian context.

Third, CRGL membership in IAGR serves as an essential tool to promote Ukrainian legal gambling and inform about its benefits, thus attracting investments.

Today, we clearly see that, despite numerous challenges, all CRGL current activities are aimed primarily at helping legal regulators within the country and supporting the image of Ukrainian gambling on the international stage. All this creates a strong foundation for the market’s post-war recovery, which will soon begin.

Anton Kuchukhidze, Chairman of the Ukrainian Gambling Council, exclusively for the Ukrainian News


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