Russia

Russian bookmakers are hoping for a bonanza from the FIFA World Cup, which will be held in the country less than two months from now, but many fear regulatory hurdles and slow-moving legislation will mean that legal operators will lose out.

 

Russian bookmakers are hoping for a bonanza from the FIFA World Cup, which will be held in the country less than two months from now, but many fear regulatory hurdles and slow-moving legislation will mean that legal operators will lose out. A complex identification process is likely to deter punters, especially the foreign visitors who are likely to flood into the country for the tournament.

 



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Operators in Russia’s Far East have won a reprieve from a potentially punishing new tax regime and are now discussing further development plans with the government of the zone.

Operators in Russia’s Far East have won a reprieve from a potentially punishing new tax regime and are now discussing further development plans with the government of the zone. In the interests of long-term investment, Primorye chose to leave taxes unchanged. It now hopes to attract further investors through land auctions this summer and to introduce more non-gaming elements. 



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G1 Entertainment, the company behind Tigre De Cristal, is planning its second stage of the casino resort which is said to focus on non-gaming facilities.

The Russian government has reduced the territory of gambling zone Azov-City, which investors view as a sign it won’t be closed as planned.

At least $1 billion a year has been estimated to go to illegal offshore gambling websites from Russian punters.

The Primoyre government confirmed it will not double gambling taxes and said it plans to soon hold new auctions for vacant land plots.

The Primorye Gaming Zone in Russia has decided against the doubling of gambling taxes in the region, with fears that it would scare away foreign investors.

Russian punters will soon be able to receive their betting wins online through the MasterCard international payment network.

Russia has passed a bill that doubles tax rates for both land-based casinos and bookmakers, with even more hikes in the pipeline, raising concern the ever shifting sands of regulation are changing the outlook for the industry and threatening foreign investment.

Primorye Territory Vice Governor Andrei Tarasenko is considering allowing casino cruise ships in a bid to attract foreign punters.

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