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Russia Considering Online Gambling Legalisation

Three government ministries tasked with investigating possibilities.
Surprise announcement of the week is a report from the Russian Legal Information Agency that First Deputy Prime Minister Igor Shuvalov has instructed the Ministry of Finance, the Ministry for Economic Development and the Ministry of Justice to look into the possibility of legalising online poker.
The news apparently comes from usually reliable but anonymous government sources, according to local media outlets reporting on the new initiative.
Shuvalov’s representatives have since confirmed that instructions have been given regarding an enquiry, with a remarkably ambitious deadline of July 21.
A source familiar with the discussion told the newspaper Kommersant that the government is considering the issue on request of Poker Union president Kakha Kakhiani, who based his appeal on the success achieved in international poker competitions by Russian players.
Observers estimate that if online poker is legalised it could generate additional tax revenues for the government of between 2 to 3 rubles in the first year of legalisation, rising to around 5 billion rubles within three to four years.
In October 2013, the Director General of the Russian Public Opinion Research Centre, Valery Fyodorov said that Russians do not associate poker with other gambling activities.
Polls indicate that 42 percent of Russians agree that poker is an intellectual game of skill, while 25 percent disagreed. 85 percent of online players believe that poker is an intellectual pastime.
Generally, 52 percent respondents said that people should have the right to play poker if they wished, while 24 percent were against it. Asked the same question, 84 percent of internet users opted for the right to play.
In October 2007 poker was declared by decree of the Federal Sports Agency to be a sport, but two years later the Russian Ministry of Sports excluded poker from the national sports registry and categorised it as gambling after many poker clubs turned out to be illegal casinos.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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