Bookies embrace online as murky legislative waters clear

Russia’s bookmakers see their future as being online, with some major players closing down traditional betting shops to focus on the interactive sector. This year’s Russia Gaming Week reflected that trend with some bookies saying they had eschewed booths at the show to channel funds instead to the development of online services. This was the 11th edition of the event and attracted 2,500 participants, far short of the 4,000 it gathered in 2015. Attendees said the show was noticeably quieter than last year.  Major bookmakers’ booths and representatives of land-based casinos were lacking and were replaced by companies mainly offering B2B solutions.  In contrast to previous years, when booths of Russian and CIS bookmakers were in abundance, this time only separate representatives of major brands, such as Fonbet and Liga Stavok, were present at the venue mainly to discuss business deals.  Bingo-Boom president and chairman of the Association of Bookmakers Konstantin Makarov said that...

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