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Russia Serious About Legalising Online Poker
Friday September 12,2014 : RUSSIA APPEARS TO BE SERIOUS ON REGULATED ONLINE POKER
More detail on recent moves towards legality.
Further information has come to light substantiating reports last week that an unidentified Russian organisation is making headway in persuading the Russian government to legalise and regulate online poker
According to the online poker information site Poker News Report the initiative has been underway since June this year, when Kakha Kakhiani, president of the Russian Poker Union, announced that the Russian government was considering the licensing and regulation of online poker in order to plug a 5 billion ruble ($146 million) gap in federal finances.
Within a month, First Deputy Prime Minister Igor Shuvalov instructed the Finance, Economic Development and Justice Ministries to produce a feasibility study.
This was completed in just three weeks, and concluded that regulating and taxing online poker has the potential to generate up to 3 billion rubles in its first year, possibly growing to around 5 billion rubles over the following three to five years.
The information site Pokeroff has since quoted a chief researcher at the Centre for Tax Policy Research Institute of the Ministry of Finance, Vladimir Bauer, who opined that the draft proposals indicated that online poker would probably fall into the tax category of an “intellectual and commercial game” so that the genre could be insulated from online gambling and be taxed as an electronic service.
His view was supported by Dmitry Lesnoy, the Russian Executive Board member of the International Poker Federation. Lesnoy has previously campaigned for the legalisation, licensing and regulation of online poker in Russia.
Pokeroff reported that the tax proposals attached to the current draft for regulation suggest a 20 percent tax on operator GGR, along with the players themselves being taxed at 13 percent on all withdrawals they make from their accounts with online poker operators.
Interestingly, Pokeroff claims that the international online poker giant Pokerstars has studied the proposals and would be interested in licensing in the Russian market.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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