- 1 Sports funding by bookmakers increased by 8%
- 2 The revenue of Russian bookmakers in the third quarter exceeded 209 billion rubles
- 3 In “Primorye”; invested over 82 billion rubles
- 4 In Orenburg, tax revenues from bookmakers fell by 10%
- 5 The State Duma rejected the draft law on mining in the Russian Federation
- 6 The Kraken crypto exchange no longer registers Russian accounts
- 7 Google has introduced a new function to block gambling ads
The Unified Regulator reported on target deductions and bookmakers' revenue in the third quarter. In Orenburg, the number of bookmakers has decreased, the tax authorities have canceled the Bet.ru betting license, and the legal entity of the Melbet office established a new subsidiary. Why did the State Duma reject the draft law on mining, the Kraken crypto exchange banned Russians from registering on the platform, and the audience of gambling streams on Twitch decreased by 97% – we tell you in the latest Login Casino digest on October 15-21.
Sports funding by bookmakers increased by 8%
The unified regulator summed up the results of work in the third quarter of this year. The report says that during this period, sports federations and leagues received 3.3 billion rubles as targeted funding from bookmakers' deductions. This indicator is 8% higher than the data of the previous quarter. According to representatives of the regulator, the increase in deductions is associated with a decrease in the volume of the shadow market due to the consistent work of ERAI to detect and block unlicensed betting sites.
The Russian Football Union, Table Tennis and Tennis Federations of the Russian Federation have traditionally received maximum financial support. These three organizations were allocated 40% of the total betting fees in the analyzed period.
In just nine months of this year, ERAI transferred 9.6 billion rubles in support of sports in the form of targeted betting contributions. The company's experts are sure that at the end of the year the amount of deductions will reach 12 billion rubles and will exceed last year's figures by 20%. established a daughter “Your Stavka”
The Melofon company, which is the legal entity of the Melbet office, has established a subsidiary company, Your Stavka. A daughter was registered on October 17 with an authorized capital of 100 million rubles. It is this amount of authorized capital that is the minimum for owning a betting license. At the same time, the Unified State Register of Legal Entities states that the main activity of the subsidiary – it is a betting organization. CEO of “Your Stavka” became Igor Lyapustin, who now holds the post of general director of Melofon; and is one of its founders.
The revenue of Russian bookmakers in the third quarter exceeded 209 billion rubles
The total revenue of domestic bookmakers from accepting bets in the third quarter of this year amounted to 209.6 billion rubles – this is 5% more than in the previous quarter. This is reported by the Unified Regulator on its official website. The top three in terms of revenue invariably included the brands Fonbet, Winline; and “1xBet”, which hold 63% of the market volume. In total, the ERAI system has 20 bookmakers, of which three have suspended their activities.
In “Primorye”; invested over 82 billion rubles
Gambling zone “Primorye” became the largest project involving private investment in the Far East. The total amount of financing for the gambling and entertainment cluster, according to the concluded agreements, has already exceeded 82 billion rubles. According to Olga Sun-Zhayu, General Director of the Primorye Development Corporation, today experts are developing a general master plan for the development of the territory and two agreements have already been signed with investors who will invest 11 billion rubles in the construction of a golf course.
In Orenburg, tax revenues from bookmakers fell by 10%
In Orenburg, as well as in the whole region, the number of betting companies has decreased. This was told by the head of the Federal Tax Service of the region Kirill Knyazev. The decrease in the number of offices led to a decrease in tax revenues. If earlier in 2022 the region planned to receive more than 4 million rubles in tax on the gambling business, now the expected plan has been tentatively reduced by 10%.
The Bet.ru company, which previously acted as a legal entity of the GGBet bookmaker, is no longer the holder of a bookmaker license. The license was terminated according to the order of the tax authorities on October 5, 2022. This is evidenced by the data in the register of betting licenses on the website of the Federal Tax Service. Recall that the company «Bet.ru» has not accepted bets since the end of March 2022 after the GGBet brand transferred the vector of work to other regions.
The State Duma rejected the draft law on mining in the Russian Federation
In the first reading, the State Duma deputies rejected the draft law on mining, which was proposed by the New People party. The initiative was previously opposed by the Financial Market Committee, according to which the document is contrary to the constitution, as it involves the use of digital assets as a means of payment.
The Kraken crypto exchange no longer registers Russian accounts
Cryptocurrency exchange Kraken introduced a ban on the registration of new accounts on the platform by Russians. The exchange also limited operations with accounts of users from Russia, citing compliance with new norms and requirements of EU legislation. Kraken representatives explain that existing customers can withdraw cryptocurrencies, deposit and trade digital assets in the amount allowed by KYC. However, Russians cannot use fiat money to conduct transactions, buy or sell crypto.
Google has introduced a new function to block gambling ads
Google announced the My Ad Center feature back in May, but it has only just been implemented now. The new system allows users to control the personal data that the system will use for advertising, as well as manually customize ads or disable promo personalization altogether. Thanks to this, users will be able to send ads to the block, including confidential ones. The latter includes advertisements for gambling, diets, and dating. My Ad Center also allows you to select specific company or brand ads that will appear in search, YouTube, and the Discover feed.
Twitch has lost 97% of its gambling stream audience
Starting October 18th, Twitch has new rules for streaming gambling from virtual casinos. Under the new rules, streamers cannot stream games from online casinos that are not licensed in the US or other trusted jurisdictions. The introduction of such restrictions had a detrimental effect on the number of views of one of the most popular categories on the – “Slots”. As a result, the number of views of gambling streams decreased by 97% in just one day.