The Duma intends to double Russia’s gambling tax

11 Nov 2017

Russian Duma gambling tax_1The Duma, the legislative assembly of the Russian Federation, has approved a draft bill that is set to increase taxes on machines and gaming tables.

According to Casino Compendium, a 100% increase will take place in both sectors.

On gaming machines, the tax will go up to 15,000 rubles from 7,500 and on gaming tables, the amount will rise from 125,000 rubles to 250,000.

At this point, we have to mention that the bill is in a draft stage. It will have to pass three more readings in the Duma and after be signed by Russian President, Vladimir Putin to be enacted as law.

As expected, the draft bill has been met with mixed responses from bookmakers and casinos. Summit Ascent Holdings, operator of the Tigre De Cristal casino in Artem, asked if these changes could legally apply in the Russian market.

They stated: “It is too early for the board of directors of the Company to predict whether the above proposed changes will become legally enforceable.”

They also discussed with the Primorsky Government, who regulate the special Gaming Zone in Russia and received guarantees that they intend to keep the taxes in the existing levels.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »