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.
The hammer has finally fallen on bookmakers operating in Russia, who have been warned that a new levy is about to impact their operating costs; on Monday the Russian Duma (parliament) approved legislation imposing a sports development levy of 5 percent of revenue on such companies, payable quarterly and with a stipulation that deductions should not be less than the rouble equivalent of US$260,723 per quarter.
Full Story: Russian Duma Approves Levy On Bookmaking Firms (update) »
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..
Pokerstars online casino has released a statement detailing the award of three million-dollar jackpots within 27 days - a total of $4.2 million - with the big wins occurring on the exclusive million dollar slot Millionaires Island, which was hit twice in the period, paying out over $2.9 million to two university students.
Full Story: Pokerstars Casino Makes Three Millionaires In One Month »
RUSSIAN DEAL FOR VSOFTCO
08th March, 2017 at 11:38:44
Virtual sports software developer partners with Moscow-based Inbet Games.
Moscow based online gambling platform provider Inbet Games is to add football content from virtual sports software developer VsoftCo to its offering following an agreement inked this week. In return, VsoftCo will enhance its product by integrating retail and online content from Inbet.
Full Story: Russian Deal For Vsoftco »
RUSSIAN FEDS HIKE FINES ON NON-COMPLIANT INTERNET SERVICE PROVIDERS
23rd February, 2017 at 08:37:42
Not huge fines by Western standards, but this is Russia.
Russian internet and telecommunications regulator Roskomnadzor has drawn the attention of Russian internet service providers to new fines signed into the federal code of offences this week by national president Vladimir Putin.
Full Story: Russian Feds Hike Fines On Non-compliant Internet Service Providers »
BETVICTOR EXITS RUSSIAN MARKET
18th February, 2017 at 07:46:19
Players advised to withdraw positive balances in their accounts.
No reason has yet been given for the sudden withdrawal of Russian sports betting services by the highly regarded BetVictor online gambling company.
Full Story: Betvictor Exits Russian Market »
NEW RUSSIAN INITIATIVE TO DISRUPT ONLINE GAMBLING FINANCIAL TRANSACTIONS?
14th February, 2017 at 20:15:59
Reports of a new bill to be debated by lawmakers later this week.
Reports from the Russian online news company RBC.ru indicate that the federal government may be about to unleash another action against illegal online gambling operators - legislation that disrupts player to operator financial transactions.
Full Story: New Russian Initiative To Disrupt Online Gambling Financial Transactions? »
RUSSIAN ONLINE BETTING TRANSACTION HUBS INCLUDED IN NEW TAX DEMANDS
23rd January, 2017 at 08:44:19
Russia's two compulsory online bet processing centres (TSUPIS) face rise in tax rates.
The Russian Finance Ministry's latest tax advisory has confirmed a two-fold increase in gambling taxes as a result of the latest amendments to its May 2016 draft legislation, and among the taxes are hefty increases for the country's currently two online bet processing centres (TSUPIS) owned and operated by competing self-regulatory bookmaker associations.
Full Story: Russian Online Betting Transaction Hubs Included In New Tax Demands »
DIGITAL SPORTS TECH INKS RUSSIAN DEAL
10th January, 2017 at 09:18:29
Another operator opts for Player Prop betting product.
Digital Sports Tech reports that it has secured another operator for its popular Player Prop betting product in a deal that represents its first entry into the Russian market.
Full Story: Digital Sports Tech Inks Russian Deal »
THOUSANDS OF ILLEGAL ONLINE GAMBLING DOMAINS UNCOVERED BY RUSSIAN REGULATOR
28th December, 2016 at 06:56:07
Telecommunications watchdog Roskomnadzor reports on 87,000 sites contravening Russian laws.
The Russian telecommunications regulator Roskomnadzor has reported that the number of illegal websites contravening a variety of Russian laws it has uncovered this year has soared three-fold over 2015 at 87,000...and 15,900 of them were online gambling oriented.
Full Story: Thousands Of Illegal Online Gambling Domains Uncovered By Russian Regulator »
CONFUSION REIGNS OVER RUSSIAN SPORTSBOOK HACKING CLAIMS
30th November, 2016 at 06:57:33
It's a relatively small community, and mostly in denial.
Russia's relatively small legal sports betting community is in uproar following claims last week by Digital Betting chief exec Dmitry Sergeyev that an unidentified but significant online bookmaker had been hacked and the stolen data was available at a price.
Full Story: Confusion Reigns Over Russian Sportsbook Hacking Claims »
NORWEGIAN SOFTWARE FIRM EXITS RUSSIA
25th November, 2016 at 06:01:59
Norwegian browser developer cites drop in Russian revenue for departure, but is there a deeper issue?
Opera, the Norwegian browser developer, has announced that it is to shut down its Russian office at the end of November, citing poor revenues from the operation. However, there may be deeper reasons for the rather hurried exit.
Full Story: Norwegian Software Firm Exits Russia »
BETTING EXPERT EXITS RUSSIAN MARKET FOLLOWING SITE BLOCK
25th November, 2016 at 06:01:59
Social sports betting network fall foul of regulator Roskomnadzor.
Russian regulatory interference in the form of a mid-2016 site block imposed by Russian internet regulator Roskomnadzor has prompted social sports betting network BettingExpert to fold its tents and depart come the end of November, according to a Twitter advisory Thursday.
Full Story: Betting Expert Exits Russian Market Following Site Block »
SPORTS TAX RELIEF FOR RUSSIAN BOOKMAKERS
17th November, 2016 at 07:51:24
Mandatory donation to sports development reduced by two thirds.
Russian online and land bookmakers will be heaving a sigh of relief this week at the news that the Russian government's mandatory 3 percent of revenue per quarter bookmaker's 'donation' to sports development has been reduced to 1 percent per quarter.
Full Story: Sports Tax Relief For Russian Bookmakers »
LEON AWARDED FIFTH RUSSIAN ONLINE LICENSE
26th October, 2016 at 14:34:14
Authorised to offer sports betting in Russian market.
Russian bookmaker Leon has been awarded the fifth online sports betting license from Russian regulator Roskomnadzor.
Full Story: Leon Awarded Fifth Russian Online License »
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WILLIAM HILL EXITS RUSSIA
28th September, 2016 at 20:29:28
Cites legislatory concerns.
Betting Business Russia reports the exit of William Hill from the Russian territory, quoting a customer advisory from William Hill's Casino Club, that reads:
Full Story: William Hill Exits Russia »