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Tigre de Cristal 9-month net profit gains

The first and only functioning casino in Russia's Primorye gambling zone - Tigre de Cristal - has increased its net profit in the first 9 months of 2018 and its investor is now ready to spend $500 million on the construction of its second stage, according to the Primorye Territory Corporation.

Only 3 banks blocking foreign online transactions

Three major Russian banks - Sberbank, VTB and Tinkoff bank - have confirmed that they are observing new legislation prohibiting banks from processing transactions for foreign bookmakers, casinos and totes.

Russia confirms Azov closure on Dec. 31

After months of uncertainty and campaigning against its closure, Russian authorities have announced an expeditious end to the country's first gambling zone amid planned expansion of another zone situated in the same part of the country.

Russia regulator targets Yandex for betting ads

Russia’s Federal Antimonopoly Service is taking action against web-search company Yandex for distributing gambling ads by Fonbet during the FIFA World Cup, local media reports.

Russia authorities arrest 100 in gambling ring bust

Russian law-enforcement have busted one of the largest criminal communities organizing illegal gambling in Moscow, with monthly turnover reaching up into the hundreds of...

Russia targets illegal activities as gambling revenue falls

Russia is getting serious about cracking down on illegal gambling, which is having a significant impact on the development of the country’s gambling zones...

Mass earnings overtakes VIP at Tigre De Cristal

Hong Kong-listed Summit Ascent Holdings, the operator of Tigre de Cristal in Russia, swung to a modest profit of HK$2.6 million in 18H1, compared...

Korean investor in talks to develop entertainment complex in Primoyre

A Korean company is in talks with the Primorye Development Corporation about a possible RUB18 billion (US$263.6 million) entertainment project in the local gaming...

Russia ramps up illegal gambling crackdown

A Russian court has fined a local resident RUB 400 million (US$6.4 million) for organizing illegal gambling activities in Vladivostok, local media reports. According...

World Cup draws record bets but predictable final damps profit

With the football World Cup finally at a close, Russian bookies are finding their profits are lower than expected, despite a surge in volume. Russian...

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