VBET has reached an agreement to become the first licensed online poker operator in Ukraine. VBET’s move into the Ukrainian market was approved on May 31, after the company was licensed by the Ukrainian Gambling and Lottery Commission (KRAIL).
The global betting and gaming operation, powered by BetConstruct, has also obtained an online casino license in the Eastern European country.
Gambling in Ukraine has been legal since 2020 after its parliament adopted an organizational and conduct law to align with the European gambling industry.
VBET’s entrance into the regulated Ukrainian market is an important strategic step on the way to expanding its global presence across the globe and delivering responsible gaming to Ukrainians.
In Ukraine, VBET will operate under the VBET.ua domain name.
VBET Head of Licensing and Certification Seda Mkhitaryan said, “It is a great honor and privilege to receive the approval of the Ukrainian Gambling and Lottery Commission for online casino and online poker. This is an important event for us, especially in these challenging times. It’s been a long, hard journey, but, for our team, even the sky’s not the limit.”
Group CEO and founder Vigen Badalyan added, “Our team sees great potential in the Ukrainian market and is excited to provide fully legal and high-quality entertainment solutions to its clients. VBET is always keen to support responsible gambling, grow local sports, follow the highest business ethics standards, and fill the market with drive, creativity, and passion. ”
VBET legally operates in strictly regulated markets such as the United Kingdom, France, Sweden, Italy, South Africa, Romania, Malta and the Isle of Man. VBET is also a proud sponsor of Monaco F.C., Alliance Cybersport Team, Portsmouth F.C. and other great teams and competitions.