Stakelogic Obtains Ukrainian B2B Gaming Licence
Online casino provider Stakelogic has become one of the first suppliers approved to provide its services in the Ukranian market, under its new B2B licensing system.
The business has been approved to supply its services in Ukraine by the Commission for the Regulation of Gambling and Lotteries in Ukraine (KRAIL).
The B2B licensing allows suppliers to offer their services in the newly-regulated market once tax legislation has been determined by lawmakers. Under the new bill which was passed and signed into law in August last year, land-based casino gaming, bookmaking and slots will be legal but casinos must only be located in hotels.
Following the relaunch of gambling in the nation, the Cabinet of Ministers in Ukraine approved the licensing conditions for B2B licenses for gambling suppliers.
Stakelogic’s suite of games has also been approved by the Malta Gaming Authority, Romanian ONJN and the British Gambling Commission.
The licensing will see titles such as Black Gold 2 become available to Ukraine-licensed operators in addition to the supplier’s live casino offering featuring blackjack and roulette.
“The Ukrainian market has been on our radar for some time, with leading CIS market experts tipping it to be the territory with greatest potential in the region. We are delighted to announce that the Commission for the Regulation of Gambling and Lotteries in Ukraine (KRAIL) has reviewed our business offering and awarded us one of the first B2B licences in the country.
“Our past experiences working with the regulators in other, strict territories such as the UK, ensured we were prepared for all eventualities in Ukraine and we’re pleased to announce that we passed all the requirements laid before us,” said Stakelogic chief executive Stephen van den Oetelaar.
The online casino developer also recently completed its acquisition of Serbia-based software developer Smart&Applied and online games casino Hurricane Games.
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