No, he’s not featuring in ‘The Nutcracker Suite,’ but Russia’s Vladimir Putin could play lightning link slot machine online soon be playing online poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Graphics)
The government of Russia is actively considering legalizing and regulating poker that is online according to Russian business and politics daily Kommersant, thus opening up a potentially huge market which may be worth $145 million yearly in fiscal revenue alone.
The Russian daily book says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic Development and the Ministry of Justice to compile a written report on legalizing Internet poker, that is due for consideration on July 21st. Kommersant said that the information had been given by unidentified sources within the government.
Moscow has apparently been swayed by certain fiscal projections, with some analysts claiming that online poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to the state’s coffers per 12 months, a figure which could potentially swell to exceed 5 billion rubles ($145 million) within five years.
The figure that is former based on a model in which 1 to 1.5 billion rubles would be levied being a taxation on operators, with a similar quantity from the players’ tax. Whether Russia would adopt a framework that is monopolistic an open market remains to be seen.
It’s definitely an about-turn from the Continue reading “Online Poker in Russia Tries to out come in of the Cold”