« News index »
NEW RUSSIAN BILL TARGETS ONLINE GAMBLING FINANCIAL TRANSACTIONS
16th October, 2015 at 07:36:08
The Kremlin's version of the UIGEA has been launched by the Finance Ministry.
Russia's version of the US Unlawful Internet Gambling Enforcement Act (UIGEA) has been introduced to the Russian Duma by the Finance Ministry and reportedly has strong political support that includes the all-powerful president, Vladimir Putin.
Like UIGEA, the proposed legislation seeks to disrupt illegal gambling financial transactions, and prohibits banks from processing such deals.
A Finance Ministry spokesman told the Russian publication Kommersant that Russian residents are prohibited from gambling on land or via the Internet and the law will help the authorities to enforce that ban.
The Russian administration has been sending apparently conflicting signals this year; in addition to the new finance measure detailed above there have been unsuccessful attempts to introduce ISP-blocking, and Roskomnadzor maintains an online gambling website blacklist, yet only two months ago President Putin directed that a study should be made on regulating online poker due to its skill-based nature.
Related News Tags: Usa Legislation, UIGEA, Russia
ONCE RATIONAL GROUP IS PAID OFF, WILL AMAYA BE LOOKING FOR ACQUISITIONS?
24th March, 2017 at 16:47:40
$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?
RUSSIAN DUMA APPROVES LEVY ON BOOKMAKING FIRMS (Update)
21st March, 2017 at 11:24:11
Law requires bookmakers to pay 5 percent of revenues every quarter towards the development of sports.
MORE DAILY FANTASY SPORT BILLS INTRODUCED IN U.S. STATES
18th March, 2017 at 06:34:19
Now Ohio and Pennsylvania set to come to the party.
POKERSTARS CASINO MAKES THREE MILLIONAIRES IN ONE MONTH
10th March, 2017 at 19:59:37
Over $4.2 million won from million dollar jackpots at PokerStars Casino in 27 days from end-January to end-February this year..
RUSSIAN DEAL FOR VSOFTCO
08th March, 2017 at 11:38:44
Virtual sports software developer partners with Moscow-based Inbet Games.