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RUSSIAN GAMBLING BAN IMPACT ILLUSTRATED BY POLICE REPORT

Thursday,  November 3, 2011 : Thousands of jobs probably lost as companies were shut down by Putin decree
 
Russia's 2009 ban on gambling in all but four isolated regions continues to have a massive impact on the sector, as a police report illustrated this week.
 
The Rossiiskaya Gazeta newspaper quoted a senior national police official who revealed that almost 4 000 illegal casinos and over 25,000 gambling parlours have been closed down since the ban was imposed.
 
“As of today, 3,900 illegal casinos and more than 25,000 gambling joints, posing as lottery clubs, have been closed down,” Sergei Ivanov, a head of a department at Russia’s Prosecutor General’s Office said in an interview.
 
“More than 390,000 pieces of gambling equipment have been confiscated and the amount of fines has topped 91 million rubles [$3 million],” Ivanov added.
 
The official said 1,100 criminal cases have been launched against the suspected organisers of illegal gambling businesses.
 
Underground casinos have mushroomed across Russia since the law banning gambling everywhere except in four remote zones of the country came into force in July 2009.
 
In a crackdown in February this year (see previous InfoPowa report), illegal casino owner Ivan Nazarov, his assistants, and three high-ranking police officials who allegedly protected the illegal business were accused of fraud and remanded pending investigation. The case has sparked a high-profile conflict between the Investigative Committee and the Prosecutor General's Office.
 
In related news, the Kyrgyzstan parliament's ban on gambling voted in September this year is likely to be costly, according to the Minister for Finance, who this week estimated the loss to the fiscus at 500 million Kyrgyz som (around Euro 8 million)
 
The law is due to come into force on 1 January, 2012 in the Central Asian nation, depriving thousands of people of jobs. There have been mass demonstrations in the capital Bishkek to protest against the passage of the law. Protesters held placards saying "Deputies, Stop Destroying the Economy", "By Closing Casinos You Will Lose Millions in Taxes" and "Fight Gambling Barons, Not Casino Personnel".



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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