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Balancing Profitability and Growth in the Gambling Market of Ukraine Cover

Balancing Profitability and Growth in the Gambling Market of Ukraine

By:   
Open Access
|May 2026

Abstract

Subject and purpose of work

The subject of this study is the relationship between profitability and revenue growth in the gambling industry, viewed through the theoretical framework of Williamson’s compromise model.

The purpose of the work is to identify and quantify the trade-offs between profit maximization and growth objectives among gambling firms.

Materials and methods

The study relies on a comparative analysis of ten gambling firms in Ukraine and abroad (2020-2024), using indicators of profit, growth, ROA, and NPM. Data from public reports were analyzed through Williamson’s model to classify firms by strategic orientation.

Results

The results show a negative relationship between profitability and revenue growth. Ukrainian gambling firms balance short-term profit and long-term expansion, confirming Williamson’s compromise model within competitive market conditions.

Conclusions

The study concludes that gambling firms strategically balance profitability and growth rather than pursuing profit maximization alone. The findings validate Williamson’s compromise model and highlight the need for adaptive management decisions in Ukraine’s evolving gambling market.

DOI: https://doi.org/10.2478/ers-2026-0008 | Journal eISSN: 2451-182X | Journal ISSN: 2083-3725
Language: English
Page range: 134 - 148
Submitted on: Oct 1, 2025
Accepted on: Nov 1, 2025
Published on: May 18, 2026
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2026 Lilia Bublyk, published by John Paul II University in Biała Podlaska
This work is licensed under the Creative Commons Attribution 4.0 License.