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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.

PokerStars Blocked

It’s truly an about-turn from Continue reading “Online Poker in Russia Tries to out come in of the Cold”

Digitus, the parent company myfreepokies.com of Dutch online gaming software provider Betsoft, has already established its gaming permit suspended with immediate impact, although nobody nevertheless the Alderney Gambling Control Commission (AGCC) quite knows why. The AGCC, which regulates on the web gambling into the jurisdiction of Alderney, explained so it had released a hearing notice under legislation 90 of the area’s gambling legislation and it has bought that the ongoing company must suspend its operations pending that regulatory hearing.

Of course, we seemed up Regulation 90 of the Alderney legislation so it sheds very little light on the matter just a couple of paragraphs of legalese about the executive director of the commission’s right to suspend gaming licenses where he sees fit, etc that you don’t have to and we’re afraid.

‘No Longer Suitable to carry a permit’

Talking of whom, André Wilsenach, the executive manager of this AGCC had this to say on the matter, during an interview that is exclusive our peers at Intergame: ‘we have enough grounds to think that Digitus is no longer suitable to carry a certification and so to provide solutions to our Category 1 licensees under their certificate. Ergo the reason behind my decision to cal Continue reading “Betsoft Receives Gaming License Suspension from Alderney”