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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.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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