The First SRO is a non-profit partnership of the biggest bookmaking companies. The company performs effective interaction with state authorities regarding standards and regulations in the bookmaking sphere. Its main goals are joint development of federal laws and programs in the bookmaking sphere, development of positive social and economic environment in our business, development of control mechanisms and creating comfortable business environment for all market participants.
GVC Holdings’ European sportsbook subsidiary Bwin is launching an online betting platform in partnership with local businessman Alexander Mamut, Kommersant reports. According to the experts, it is the first legal entry by a major international bookmaker into Russia’s newly-emerging online sports betting market amid the ongoing crackdown on internationally licensed gambling websites. Over 100 Bwin-related […]
Russia’s second TSUPIS has become fully operational, according to a payment service provider headquartered in Cyprus. Established by the Russian government, TSUPIS is the centralized payment processing system to handle all online gambling transactions. The first TSUPIS in Russia was officially launched by bookmakers association First SRO in February 2016 and currently has 540,000 identified […]
The Russian Finance Ministry has published new amendments to the law on gambling which require bookmakers and totes to give part of their proceeds for the development of sports, Russian news outlet Vedomosti reports. In 2015, the sports minister at the time, Vitaly Mutko first proposed that bookmakers should support the sports industry. The bill […]