After recently expanding its product range into live casino, StakeLogic B.V. is now among the first suppliers approved to provide its iGaming services in Ukraine, under the Eastern European country’s new B2B licensing conditions introduced earlier this year.
Its business offering having been reviewed by The Commission for the Regulation of Gambling and Lotteries in Ukraine (KRAIL), the online casino games developer was issued a supplier license for the newly-regulated market and will be able to offer its services in the jurisdiction once tax legislation has been agreed upon.
Signed into law by Ukrainian President Volodymyr Zelensky in August 2020, after bill, 2285-D, skated through the Verkhovna Rada in a 248-95 vote, bookmaking, slots, and land-based casino gaming will be legal, however, casinos are only to be located in hotels.
Licensing conditions for B2B licenses for gambling suppliers were approved by the Cabinet of Ministers in Ukraine on March 31, 2021, which followed the relaunch of gambling in Europe’s second-largest country after Russia.
Expectations for region:
“The Ukrainian market has been on our radar for some time, with leading CIS market experts tipping it to be the territory with the 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 licenses 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,” said Stakelogic Chief Executive Officer Stephan van den Oetelaar.
Adding to the official press release, the CEO said they are looking forward to working with the Ukrainian regulator and its licensed operators to bring its “hugely popular” suite of games, as well as its brand-new live casino product, to players in Ukraine.
The Dutch online casino content creator’s games suite has also been approved by the UK Gambling Commission, Romanian National Gambling Office ONJN, and the Malta Gaming Authority (MGA), while Stakelogic’s collection of video slots will also be available to Ukrainian players following the successful application process.
Hit titles such as the collaboration with Greenlogic partner Touchstone Games, Giant’s Fortune Megaways, along with the recently launched Black Gold 2 Megaways, the collection of Super State games, and the newly announced live casino product offering, which features roulette, blackjack, and various gameshows, have all been approved by KRAIL for the Ukrainian market.
Among the industry’s fastest-growing classic slot and video slot developers, the company’s Stakelogic Live will be streamed out of a new, 22-table state-of-the-art studio based in Birkirkara, Malta, where a team of live casino specialists will run the division. All of the games will reportedly be designed and developed in-house, with the division already offering a portfolio of more than 7 live casino game types.
CEO Stephan van den Oetelaa said the move into the live casino segment is a “logical step forward,” while Anthony Sammut, Head of Live Casino for Stakelogic Live, added…
“Stakelogic has built an incredible reputation for designing and developing some of the most popular slot games in recent years and now we plan to do the same in the live casino sector.”