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Will Russia Legalise Online Poker
Friday January 22,2016 : IS RUSSIA ABOUT TO LEGALISE ONLINE POKER?
Some believe that a combination of an economy under siege and a need for more tax revenues could see a change in government attitudes.
The publication Business Insider published a speculative article this week suggesting that the Russian government is about to execute a volte face on its stand that online poker is unlawful.
Written by academic and author Robert Carmona-Borjas, the article claims that the Russian government is seriously considering the legalisation of online poker in the near future as a game of skill in order to raise significant tax revenues.
He is supported in his view by legal expert Alexander Zakondyrin, who claims that Russians constitute as much as 8.4 percent of the total players on PokerStars, and that 16 percent of Russia's massive population enjoy playing the game.
“Russians play poker, but their money goes abroad,” Zakondyrin observes, adding that the Russian economy is at a crisis point and needs tax revenues due to low oil prices, high defence expenditure, and the impact of sanctions following the confrontation with the West over Ukraine.
The legal expert notes that there are many bureaucratic and logistical hurdles to overcome before legalisation is achieved, and that conditions imposed by the government will probably include full disclosure by players and the location of servers on Russian soil.
Zakondyrin remains optimistic, however, commenting:
“In my opinion, conceptually the decision to legalize online poker has been already made by the Russian government.”
Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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