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Russian Land Gambling Update
The Russian government has no intention of moderating its draconian ruling that come July 1st 2009 all land gambling venues will be moved out of main cities and confined to four pre-identified areas in the country. The ruling is causing extensive repositioning of businesses and strategies among Russian Federation land gambling operators.
The Russian news agency Tass reported this week that President Dmitry Medvedev emphasised at a meeting with the chief of the Federal Tax Service, Mikhail Mokretsov, that the law on the gambling areas that all casinos should be transferred later this year will not be revised under any circumstances.
Medvedev said that at a meeting with senior activists of the Fair Russia Party earlier in the day the issue was raised and he'd informed those present: "As of July 1 all gambling activities will proceed in a very different fashion. All facilities outside the designated areas are to be closed. Four gambling zones are to be created.
“It is absolutely for certain that these rules are to take effect in due time. There will be no revision of these rules or backtracking, however strongly business entities may be trying to press for such revisions. That’s the position of the state,” he said.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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