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Russia

Russia’s eSports market is tipped for strong growth, though the ability of the country’s bookmakers to tap the potential may be held back by cumbersome laws on online gambling and a failure to understand the audience.

Russia’s eSports market is tipped for strong growth, though the ability of the country’s bookmakers to tap the potential may be held back by cumbersome laws on online gambling and a failure to understand the audience.



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Russian bookmaker Fonbet has launched its new online sports betting service bkfon.ru, becoming Russia’s sixth licensed operator.

Sochi’s first casino is scheduled for a soft launch on New Year’s Eve, five days before its grand opening.

BettingExpert, an international social network for sports betting, has announced it is leaving the Russian market amid the latest online clampdown of unlicensed bookmakers and casinos.

Russian bookmakers have welcomed the Finance Ministry's decision to soften the requirements in which bookmakers and totes need to give part of their proceeds for the development of sports.

Mohegan Sun CEO Bobby Soper says he has high hopes for the gaming market in Northern Asia and, at the moment, believes the greatest opportunity is in South Korea where the tribal gaming operator is building an integrated resort.

Primorye, close to the port city of Vladivostok, is seen as the most promising of the zones given its proximity to northern China, as well as Korea and Japan. 

The company behind Russia's largest casino, Tigre de Cristal, plans to invest about $500 million in the second phase of the project.

Local authorities have issued the first casino operating license in Sochi's Krasnaya Polyana (Red Meadow) gambling zone, reports state-owned TASS news agency, citing a press release from the Krasnodar Region administration.

The first casino in the Sochi gaming zone is expected to open its doors in December, said the city’s administration representative Yulia Malorodnova.

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