Russia

Parimatch Completes the Franchise Withdrawal from Russia on Legal and Technical Levels

 The HALLO ECHO
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  Any cooperation with Russia is stopped. This is not a rebranding or restyling – Russia is “unplugged” from the Parimatch software and cannot use the Parimatch brand on any platforms and in any format. As at March 26, after comparing all necessary legal proceedings and technical aspects, the Parimatch franchise left the Russian market…

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Russian Legislators to Vote on Bill Establishing Single Gambling Regulator

 The HALLO ECHO
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  Russia’s legislature, the State Duma, will vote on a bill to establish a new regulator with jurisdiction over the entire Russian gambling industry. The bill was introduced by Viktor Deryabkin and Igor Stankevich of the governing United Russia party, last week. It was sent to the State Duma Committee on Economic Policy, Industry, Innovative…

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Russian President Vladimir Putin Tightens Tax Controls

 The HALLO ECHO
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  Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue. It obliges the company to ensure the provision in the cashier’s receipt of the customer’s surname, first name, the series and number of the client’s…

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Russia’s State Duma Approves Overhaul of Sports Betting Laws

 The HALLO ECHO
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  The Russian State Duma has approved the legislation that will significantly overhaul the Russian sports betting industry, imposing tax on bets placed on overseas events and extending financial obligations to all market participants. The State Duma passed the bill in the second and third reading. The new rules pose limits on the types of…

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FAS Finds Yandex Guilty of Advertising Gambling Companies

 The HALLO ECHO
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  Russia’s Federal Antimonopoly Service (FAS) has found Yandex guilty of advertising gambling companies. They are pushing a case which may end up in a €7k fine. According to FAS, betting ads were showed in Yandex’s searches. That is why it ordered the company to rectify the violation. The body also submitted materials and will…

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Russia Intensifies Crackdown on Illegal Gambling

 The HALLO ECHO
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  Russian President Vladimir Putin has ordered the Federal Tax Service to place bets with bookmakers, casinos and betting shops to identify illegal operators. He believes that placing bets with those operators, as well as buying lottery tickets is a good strategy to identify illegal gambling and lotteries organisers. The strategy established by the government…

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