Adjusting the economy of post-war Ukraine and new opportunities for the gambling industry

Ukrainian gambling can be the “highlight” that will make tourism in Ukraine more attractive.

Налаживание экономики послевоенной Украины и новые возможности индустрии гемблинга

Citizens of partner countries who have supported us during all this difficult time will certainly want to visit Ukraine. They want to get acquainted with the unique people who inhabit it and its culture.

Thus, we will be able to turn Ukraine into a popular tourist center. Which in turn requires the organization of places of rest and leisure. Ukrainian gambling can become the “highlight” that will make tourism in Ukraine more “Western”, familiar and understandable.

In the future, all spheres of business related to entertainment will be in high demand among tourists, as a result of which these spheres of business will make a significant contribution to the development of the country.

This means that now is the time to develop the entertainment industry for a sustainable economic future. One of the promising industries is the gambling business. After the war, he can become one of the drivers of tourism and financial income in our economy, which is in dire need of this difficult and at the same time promising period.

This is the policy of Joker.ua.

“The responsibility for our market will be great, and we will justify it,” said company officials.

WHILE THE WAR IS COMING

Of course, in times of war, the gaming industry has the same problems as any other.

“Many businesses are trying not to 'beg,' to keep jobs, to pay taxes. Our company is no exception. We are helping the country, both economically and on a volunteer front,” Joker.ua said.

They also add that “the gambling business, of course, has fallen. But it is alive.”

At the same time, according to Joker.ua, the gambling industry has one important feature – it helps people shift their focus from complex stressful situations, separate from information noise and distract from the constant emotional load.

“The gambling business was created to entertain people and satisfy leisure, to lift the mood, thereby helping a person to relax and not go crazy in a particularly difficult time for life and psyche,” – said in the company.

How does the Joker Casino in Ukraine solve problems that did not exist in peacetime?

“Our company is trying to offer new interesting solutions, conditions. Here, for example, recently created a promo code for new players – VABANK, which gives certain bonuses in the game Book of Sun,” – said in the “Joker.ua”.

INTERESTING FACTS ABOUT UKRAINE'S GAME INDUSTRY

As you know, after the revival of the gambling industry in Ukraine, its capabilities were estimated at 6-7 billion hryvnia budget revenues per year.

But experts also called the figure five times higher – an amount that reflects the real economic effect. First, from the interaction of the gambling business with other areas. Secondly, in addition to royalties, this amount also includes taxes on profits, employees, VAT, rent for gaming halls, etc.

We will remind, as of November 2021 from sale of licenses for gambling business the state received 1,34 billion UAH. Unfortunately, this is only 18% of the planned revenues, which were provided in the amount of UAH 7.4 billion.

WAITING FOR BUSINESS

At the same time, the gambling business is still awaiting the adoption of the Tax Code for the industry.

“Its absence stops market players from renewing their licenses and prevents foreign gambling companies from entering the Ukrainian market,” Joker.ua reports.

Among the negative trends that slowed down the gambling industry in Ukraine before the war is also the insufficient fight against the illegal gambling market in Ukraine.

Among the positive “pre-war trends” for the development of the gaming industry in the company are:

  • providing a large number of new jobs;
  • the development of technical support for the gaming industry, which also affected the IT sphere, which gave impetus to the development of VR technologies, designers, game developers;
  • formation of the correct attitude of citizens of Ukraine to the gambling sphere. This is not a way to earn “easy money”, but a means of pleasant leisure, which should be approached wisely.

Based on materials: ZN.ua

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