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Surplus Of Slot Machines In Russia
Tuesday September 09,2014 : SURPLUS OF SLOTS IN RUSSIA
Putin's decree of 2009 has inflicted massive damage on the gambling industry.
Back in 2009, Russia's latter-day czar Vladimir Putin signed a decree banishing all gambling from Russia's cities and resorts to just four remote regions - Krasnoda-Rostov, which is currently operational, and three other regions in Kaliningrad, Altai and Primorye which are not
The cost to businesses of the enforcement of Putin's decree was revealed this week when the Prosecutor General's Office revealed that over the past five years around a million physical slot machines have been seized from operators disregarding the decree, following police visits to over 100,000 venues.
That resulted in the shutdowns of 70,000 "illegal gambling facilities" and 812 unlawful casinos and the imposition of around 684 million rubles ($18.5 million) in fines.
Putin recently added to the list of acceptable gambling regions by including Sochi and Russia's recently annexed Crimea regions.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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