- 1 30% of Russians consider the lottery the fastest way to get rich
- 2 The only legal online sweepstakes will work again in Russia
- 3 A new player has appeared on the Russian bookmaker market
- 4 BK “Baltbet” won the business trip case
- 5 Sports betting shops close
- 6 Bookmakers want to increase sports deductions from 2023
- 7 Betting fees will be directed to fishing
- 8 The largest Primorye casino – secured for a loan
For 30% of Russians, the lottery is the fastest way to earn money, the only legal online sweepstakes is returning to the Russian market, and the largest Primorye casino used as collateral for a loan. Interesting betting news: a new bookmaker’s office will appear on the Russian market, BC «Baltbet» won a lawsuit with the tax authorities, the State Duma is again raising the issue of increasing targeted deductions for the betting business, and betting houses are closing land-based betting shops. These and other news – in the latest Login Casino digest September 17-23.
30% of Russians consider the lottery the fastest way to get rich
A survey of Russians showed that 30% of citizens consider winning the lottery the best way to quickly achieve financial well-being. At the same time, 46% of Russians are sure that they can get rich quickly only with the help of successful investments, 41% rely on a good inheritance, and another 35% are counting on a successful career in a prestigious company. You can read more about the results of the survey here.
The only legal online sweepstakes will work again in Russia
Starting from October 1, the online betting pool Poolbet plans to return to the Russian market. The company announced this on its official website. As before, the operator plans to focus on horse racing, but at the same time add the ability to bet on the outcome of sporting events in many sports, including football, basketball and hockey. Now Poolbet is completing the procedures for obtaining permits for legal work on the Russian market. As previously reported, Poolbet has suspended operations in April 2021. The official reason for the pause in work, which was announced to users, – these are technical problems and the need to eliminate them.
A new player has appeared on the Russian bookmaker market
Company “Golden Bet” will operate on the betting market under the GoldenBet brand. A month ago, the company changed its general director, who became Karen Mikaelyan, a citizen of Armenia. “Golden Bet” already holds a bookmaker license, having previously represented the betting operator Bet365. The GoldenBet website is already accepting the first registrations, but it is not yet possible to make a deposit, get license information or find out the rules for accepting bets on it.
BK “Baltbet” won the business trip case
The Arbitration Court of Appeal sided with BC Baltbet and ordered the tax service to reimburse the company for the amount of travel expenses that the bookmaker's lawyer needed for proceedings in the case with an unreasonably issued tax fine. Amount in dispute – 32 thousand rubles. The Federal Tax Service has already challenged the court order, but the Court of Appeal confirmed the correctness of the legal entity of the bookmaker. Now the tax authority can agree with the court order or file another complaint with the cassation instance. You can read the details of the case in one of our previous digests.
Sports betting shops close
For six months, bookmakers' revenue from land-based betting shops fell by 17.4%. At the same time, by the second quarter of this year, bookmakers collected 198.9 billion rubles, of which only 16.2 billion rubles, or 8.2%, were received through land-based betting shops. Against the backdrop of such dynamics, bookmakers began to close land-based points of sale. In total, in 2022, the number of such outlets decreased by 9.5%: from 972 to 880. At the same time, 422 of the existing 880 outlets currently operate in Moscow. The negative dynamics in ERAI is explained by the active digitalization of business. Going online, bookmakers reduce costs, and the remaining points of sale serve as advertising platforms. Experts also draw attention to the fact that the requirements for the placement of land-based points in the law are quite strict and bookmakers cannot always fulfill them, which ultimately leads to the closure of offline points.
Bookmakers want to increase sports deductions from 2023
Deputy Secretary General of the RFU Denis Rogachev once again reminded of the need to increase the target allocations of bookmakers to finance sports. The topic was raised at a meeting of the working group under the relevant State Duma Committee on Physical Education and Sports. Rogachev noted that the initiative to increase targeted deductions from 1.5 to 2% found support in the government. Now it's time to discuss this issue within the framework of the working group, to coordinate with the relevant departments and ministries in order to adopt the relevant law by the end of this year.
Betting fees will be directed to fishing
ERAI has once again expanded the pool of sports federations that receive support from bookmakers. This time, an agreement on extrabudgetary funding has been signed with the Fishing Sports Federation. According to the Ministry of Sports, the number of fishing enthusiasts in Russia exceeds 350 thousand people. The Federation is working to popularize the sport of fishing and attract Russians to a healthy lifestyle.
The largest Primorye casino – secured for a loan
The Hong Kong company LET Group Holdings has announced that it has received a loan in the amount of $51 million. A 70% stake in Summit Ascent Holdings, a subsidiary of Summit Holdings, became collateral under the terms of the loan agreement. It is Summit Ascent Holdings that operates the Tigre de Cristal seaside casino. The company needs a loan to pay off an overdue debt in the amount of more than $48 million. The debt is due in September next year.
The State Duma will consider the prospect of introducing interest-free loans without the ability to finance gambling < /h2>
A bill on Islamic banking has been submitted to the State Duma, which provides for a kind of financial experiment in Dagestan, Chechnya, Tatarstan and Bashkortostan. Credit and non-credit financial organizations, legal entities that are ready to provide financial services according to the rules of Islamic banking will be able to participate in the experiment. That is, to issue loans to individuals and legal entities with the condition of installment without loan interest. Such loans cannot be used to finance the trade or production of tobacco products, alcohol, weapons and gambling.