Compliance Updates

New Law for Gambling Zone Investors comes into force in Russia

Published

7 years ago

December 22, 2018

Niji Narayan

Photo source: theconversation.com

Reading Time: < 1 minute

The Russian government has adopted a new legislation for gambling zone investors in the country. According to the new law, if a gambling zone is closed or its borders are changed before the expiration of 10 years from the date of its creation, the actual damage suffered by the business will be refunded to investors. The Russian government will be the authority to determine the amount of compensation and compensation for real damage.

As per the law, if the gambling zone is scheduled for closure, investors will have at least three years since the adoption of the relevant government to eliminate the gambling zone. The law will come into effect after three months from the date of its official publication.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.