Russia may soon introduce new rules for supervision of the activities of betting companies and lottery sphere operators.
Russian Gaming Weekend reported that the Russian Ministry of Finance had announced during the Russian Gaming Week held last June 2 to 3 that it has already prepared a draft order which will greenlight the new regulations of the tax officers to control the activities of betting companies and lottery operators.
Citing the draft order, the gaming news website said that a new procedure for supervision does not contain excessive restrictions for entrepreneurs but it brings them additional responsibilities.
At present, the proposal has withstand the anti-corruption and public examination of the government.
The Russian Gaming Week – a main exhibition annually held in Moscow for Russian gambling businesses – has focused this year on the local offline gambling sector.
The gaming conference tackled the pressing issues on sports betting on the first day of the conference, followed by the growing social and mobile gambling on the second day. Market players and experts from Russia and other countries gathered to share experiences with each other and discuss the most important and topical issues.
The exhibition also presented a variety of topics including sports bookmaking, mobile gambling, recent legislative initiatives, fantasy sports, eSports, and marketing strategies.
Among the notable exhibitors present during the two-day event were BC “Bingo Boom” and Pari-Match. There were also exhibitors that sold knives and other weapons, as well as some Soviet Union memorabilia.
During the event, BC president Konstantin Makarov made a presentation on “Introduction SRO Institute, online betting and TSUPIS: history, reality and prospects,” in which he discussed the role of self-regulatory organizations in the field of betting and its functions.
He also taken up the current issues related to the TSUPIS, a centralized payment processing system established by the Russian government to handle all online gambling transactions, as well as interactive rates. Makarov also devoted his time on the recent legislative initiatives in the betting industry, which caused a great interest of the Russian public.