
No, he’s not starring in ‚The Nutcracker Suite,‘ but Russia’s Vladimir Putin could quickly be playing online poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Photos)
The federal government of Russia is actively considering legalizing and managing online poker, according to Russian business and politics daily Kommersant, thus opening up a potentially huge market which could be worth $145 million yearly in fiscal revenue alone.
The Russian daily publication says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic Development and the Ministry of Justice to compile a report on legalizing Internet poker, that is due for consideration on July 21st. Kommersant stated that the given information had been given by unidentified sources within the government.
Moscow has apparently been swayed by certain fiscal projections, with some analysts claiming that internet poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to the state’s coffers per year, a figure which could possibly swell to surpass 5 billion rubles ($145 million) within 5 years.
The figure that is former centered on a model in which 1 to 1.5 billion rubles would be levied being a income tax on operators, with an identical quantity from the players‘ tax. Whether Russia would adopt a framework that is monopolistic an available market remains to be seen.
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