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MAJOR TAX INCREASES AHEAD FOR RUSSIAN GAMBLING
Saturday February 13,2015 : MAJOR TAX INCREASES AHEAD FOR RUSSIAN GAMBLING INDUSTRY?
Proposal from Russian Ministry of Finance includes a ten percent tax on interactive betting earnings.
The Russian newspaper Kommersant reports that the Russian Ministry of Finance has proposed a massive ten-fold increase in tax on the nation's land gambling business, with an additional provision for a 10 percent tax on any future earnings from online bookmaking activity.
Kommersant claims that the proposals will be complete and ready for political approval by the end of 2016
The Russian Legal Information Agency notes that since mid-2009 all legal gambling activity has been restricted to four specialised gheographical gambling zones: Kaliningrad Region, Primorsky Krai, Altai Krai and Krasnodar Krai.
According to Kommersant, Russia has only four legal casinos: “Oracle” and “Nirvana” in Krasnodar Krai, “Altai Palace” in Altai Krai and Tigre de Crystal in Primorsky Krai.
In related news, the deputy prime minister of Crimea, Vitaly Nakhlupin has told local journalists that although he considers the creation of a gambling zone in Crimea an important task, it is not a priority in these times of economic crisis.
InfoPowa readers will recall that late last November the Crimean State Council passed a law covering the regulation of gambling in the Republic of Crimea, proposing the creation of a special governing body to oversee legalised gambling in country.
"A very short period has passed from the first decision to create the zone until its implementation, but let's face it: today there are more overarching objectives than the creation of gambling zones," Nakhlupin opined.
"Unfortunately, the current state of the economy does not indicate that we will be able to attract big players, because today people do not talk about investing - they save their resources."
However, the deputy prime minister stressed that the creation of a gambling zone on an area of 5-10 hectares is still on the government's agenda.
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Gambling News :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
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