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Russian bookmakers to make 276 million EUR by the end of the the World Cup

George Miller

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Russian bookmakers to make 276 million EUR by the end of the the World Cup
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Based on data from Russia’s State Duma Committee for Physical Education, Sport, Tourism and Youth Affairs the turnover of bets during the World Cup will be arounf 300 billion rubles (around 4 billion EUR).

Out of those 4 billion euros, the Russian bookies net profit is gonna hit 270-280 million Euros, and accordingly the amount of taxes to the treasury will increase.

On the eve of the World Cup, many Russian bookmakers have expanded their networks to cope with the growing demand of people wishing to win via football matches forecasts. According to the legislators, the amount of bets could have been even bigger if the Russian gaming business was protected from the pressure of the illegal sector, whose share, according to some experts, exceeds the legal one minimum by half.

Under russian law Russian players have to pay 13 percent tax themselves if the winning is less than 15 thousand rubles. For the bigger winnings the tax is paid by the bookmaker. All licensed bookmakers who have contracts with Russian sports federations are required to pay 5% of their profits or at least 15 million rubles quarterly.

 

Source:www.pnp.ru

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Eastern Europe

Potential New Casino In The Center Of Gdansk

George Miller

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Potential New Casino In The Center Of Gdansk
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There is a new intention of creating a new casino in Gdansk in the newely opened IBB Hotel in Dlugi Targ. The one and only issue is that there are already two casinos in the city and the current gambling legislation does not allow another one.

The Warsaw-based company Casino, which manages, among others: a casino in Sopot, wants to open another one in Gdańsk. The company applied for permission to rebuild the premises for a casino and a club with a small gastronomy. Where? In the basement and ground floor of the IBB Hotel in Długi Targ, which opened in April.

We have accepted the casino offer, but now it has to deal with a number of procedures, including getting permission from the Ministry of Finance and the City Council of Gdansk” – said Adam Trybusz, the owner of the object.

The Gambling Act of Poland states that in towns with up to 250,000 residents only one casino can be created, and for each subsequent started 250 thousand inhabitants, their number is increased by one. The number of casinos in the region can not be higher than one casino for each full 650,000 inhabitants.

 

Source: e-playonline

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Australia

ACMA probes .cc gambling websites

Niji Ng

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ACMA probes .cc gambling websites
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The Australian Communications and Media Authority (ACMA) is investigating the allegation that gambling websites using the .cc domain extension have breached of the Interactive Gambling Act (IGA).

As per the IGA, website operators are prohibited from offering casino-style games and live sports betting to Australian customers.

Gambling operators without an Australian licence are also prohibited from taking bets from Australian customers.

“When deciding if a site should be investigated, the ACMA considers a number of factors, including whether the service being provided may be a prohibited or unlicensed service … and whether it may have an Australian-customer link,” an ACMA spokesman said.

Dr. Charles Livingstone, a gambling law expert from Monash University, said the sites do appear to have breached the act.” The avowed purpose of the IGA is to protect Australians from less well-regulated gambling sites, and to prohibit non-wagering gambling being available online,” he said. “Using a web address of an Australian territory to offer online gambling services is an offence, unless the provider is registered in an Australian jurisdiction.”

 

Source: 5star.media

 

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MGA | FIAU issues the Implementing Procedures – Part II addressed to the Remote Gaming Sector

George Miller

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MGA | FIAU issues the Implementing Procedures - Part II addressed to the Remote Gaming Sector
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The Financial Intelligence Analysis Unit (FIAU) has today issued the Implementing Procedures – Part II (found here) addressed to the remote gaming sector.  This document focuses, and provides guidance, on certain aspects of the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) which warrant further elaboration at industry-specific level to ensure that they are understood and interpreted consistently by licensees.

The Implementing Procedures – Part II for the remote gaming sector were drawn up in conjunction with the Malta Gaming Authority and following due consultation with the relative sector.  All interested parties are to take note thereof. These Implementing Procedures are also accessible through the FIAU’s website – http://www.fiaumalta.org/ – and are considered to have come into force on the date of their publication.

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