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Casino Opens at Kharkiv Palace Hotel 5 * Owned by Aleksandr Yaroslavskyi

DCH owned by Aleksandr Yaroslavskyi is preparing to open the casino at Kharkiv Palace Hotel 5 *. This is the first luxury hotel in Kharkiv, which was constructed by Aleksandr Yaroslavskyi in preparation for Euro 2012. UEFA required the authorities to construct the hotel. Only in this case, Kharkiv could qualify for hosting the matches of the tournament, since UEFA needed a place for its regional headquarters.

The investments in the construction of Kharkiv Palace Hotel 5 * amounted to USD 126 million, which allowed creating an architectural landmark through the use of high quality materials and advanced design solutions. Experts rank the casino hall among the best ones in Europe.

"We have been waiting for this day for more than 8 years. It is very disappointing to see that the hotel can offer important leisure activities to its guests, but they cannot be used. Many foreign guests asked us why it was banned. How can it be that a five-star hotel has such a wonderful casino hall, but there is no casino? And it was difficult for us to answer that question... Therefore, we have always consistently upheld the idea to legalize casinos in a socially responsible manner and had a clear roadmap on how to quickly manage work in this area," Atis Zaharans, General Manager at Kharkiv Palace Hotel 5 *, says.

DCH informs that they have already had an agreement with a specialized operator with international experience and expect that the casino at Kharkiv Palace Hotel 5 * will open in the shortest possible time. To recap, the Law "On Prohibition of Gambling Business in Ukraine" was adopted on May 15, 2009.

In anticipation of Euro 2012, the authorities made attempts to legalize casinos at five-star hotels, but the process was not completed.

On July 14, 2020, the Verkhovna Rada of Ukraine supported the bill No. 2285-д "On State Regulation of Activities in the Organization and Conduct of Gambling". 248 deputies voted for the bill.

Kharkiv Palace Hotel 5 * has won many industry awards — both national and international. This includes the International Hospitality Awards in the following categories: Best Business Hotel 5* 2019, 2018, Best MICE Hotel 2019, 2018, China Outbound Tourism Quality Service Certification, etc. The regional office of the European Bank for Reconstruction and Development is based at this hotel. In addition, the heads of states and top diplomats stay at Kharkiv Palace Hotel 5 *. It also hosts large-scale business and social events. The hotel is widely regarded as one of the most prestigious centers of cultural life in Kharkiv and Ukraine.

Aleksandr Yaroslavskyi ranks among the TOP 10 Ukrainian businessmen according to Forbes in 2020. The investment portfolio of his company — DCH — includes assets of various sectors, such as finance, manufacturing, transport, development, etc. He invested more than USD 1 billion to develop the economy of Kharkiv Region. During the preparation of Kharkiv for Euro 2012, he became the general investor and coordinator of this process. By investing USD 300 million and making organizational efforts, Aleksandr Yaroslavskyi managed to construct a modern airport and stadium, the first luxury hotel, and other related infrastructure facilities in Kharkiv.