Restricted Casinos in Russia

On April 20, Interfax reported that the Ministry of Finance of the Russian Federation plans to submit for consideration a bill to regulate gambling in the country. At the moment, this market is considered gray, since gambling in the country is allowed only in certain regions, although underground casinos operate throughout the state.

According to the Minister of Finance Anton Siluanov, regulation of gambling is planned to open a new source of replenishment of the state budget. At present, the state does not receive revenues from this activity. Show more

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However, it is not entirely clear what kind of gambling is planned to be settled by the Minister of Finance, because during the direct line with Vladimir Putin on April 14, the president noted that he is against the legalization of automatic machines throughout Russia, except for the stipulated zones. Most likely it’s about online gambling.

Recall that recently the Russian government settled the sphere of sports betting, raising taxes on rates, and also demanding from operators the ability to track all monetary transactions. With online poker, it’s not so simple. Although the company Amaya predicts an imminent legalization of poker in the territory of the Russian Federation, the government of the country vigorously denies this opportunity.

Also, in the reports of the same “Interfax”, it is said that at present the work is underway to introduce a bill according to which Russian banks will not be able to process payments in online casinos and poker rooms outside the country. Show less

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