Bwin to start accepting bets in Russia

The Russian branch of international bookmaker Bwin has officially launched its website and will soon start accepting bets on Russian territory, according to a statement on its website.

The company previously postponed the launch of e-bets processing from September to mid-November. is a joint project of GVC Holdings and two companies belonging to businessman Alexander Mamut, Digital Betting and Rambler&Co. The Russian partners promised to invest $11.2 million in the course of 3 years to develop the brand.

The bookmaker operates under the Digital Betting license issued on March 4, 2016.

Bwin has become the first international bookmaker to establish itself in Russia's developing gambling market.

There are now more than a dozen Russian-licenced online bookies, with Zenit and RUS-TELETOT being among most recent entrants.

Last week, the lower chamber of the Russian parliament approved in the third and final reading the bill on the doubling of betting taxes, but to become a law it needs to pass the reading in the upper chamber of the parliament and be signed by President Vladimir Putin.

There wasn't much criticism of this move among bookmakers as the taxes envisaged in the bill are much smaller than the Finance Ministry proposed back in February 2016, which would have resulted in a ten-fold increase of bookmakers' deductions.

More news from this jurisdiction

RussiaThursday, Dec 14, 2017

Online gambling business magazine Login Casino will conduct an online conference dedicated to streaming of gambling games on January, 23.

RussiaTuesday, Dec 05, 2017

Online gaming business portal Login Casino is hosting an awards ceremony recognizing the companies that have made the largest contribution to the betting industry in Russia.

RussiaWednesday, Nov 29, 2017

Gaming brokerage firm Union Gaming says it is downgrading its view of Summit Ascent Holdings due to the recent news of a two-fold increase in gaming taxes in Russia.

RussiaWednesday, Nov 29, 2017

Russian President Vladimir Putin has signed into law two bills regulating betting activities in Russia.

RussiaWednesday, Nov 08, 2017

Online magazine Login casino is launching a new online conference in November, focused on opportunities for bookmakers during the FIFA World Cup 2018.

RussiaTuesday, Oct 31, 2017

The DOMINO trading zone in the Primorye-based Tigre de Cristal entertainment complex has been certified "China Friendly" under the Russian federal program which encourages travel for Chinese tourists.

RussiaWednesday, Oct 11, 2017

The Russian government looking to block access to cryptocurrency exchanges in the country, describing them as “dubious instruments for retail investors,” Russian media reports.