Darina Denisova is the head of the self-regulating organization Association of Bookmaking Shops in Russia.
Russia’s State Duma, the lower chamber of the Russian parliament, has passed a bill that requires bookmakers to pay 5 percent of their proceeds every quarter towards the development of sports. The bill, passed in its third and final reading, stipulates that the overall amount of deductions should not be less than 15 million roubles […]
Russian bookmakers have welcomed the Finance Ministry’s decision to soften the requirements in which bookmakers and totes need to give part of their proceeds for the development of sports. The new version of the bill was published on the government’s official website on November 15. According to the latest version of the bill, the ministry […]
Russia has passed a bill that doubles tax rates for both land-based casinos and bookmakers, with even more hikes in the pipeline, raising concern the ever shifting sands of regulation are changing the outlook for the industry and threatening foreign investment. Steve Gallaway, managing partner at Global Market Advisors, says the “changes to the tax regime are devastating for the IEZ (Integrated Entertainment Zone) in Primorye,” referring to the most developed of Russia’s gaming zones.