The gambling industry in Russia has some unique characteristics. Lotteries are very popular in Russia and are a legal and popular form of gambling. Although casinos have operated in the past, the government has imposed strict restrictions on them, allowing them to be opened only in specific areas to
Russian Finance Minister Anton Siluanov has requested President Putin to lift the online gambling ban, planning to supplement the budget by establishing a single operator and imposing high taxes. If approved, the proposal is expected to add about 100 billion rubles (approximately 1.3 billion US doll
The Russian State Duma (lower house) has passed the gambling self-exclusion bill, aimed at addressing gambling addiction issues. The bill is expected to officially take effect on September 1, 2026, pending approval by the upper house and signature by the president. Related cross-border gambling play
The Esports Integrity Commission (ESIC) has announced a temporary suspension of the Russian esports team Team Senza (also known as Rosy), prohibiting them from participating in all ESIC member events and tournaments that adopt its integrity plan. The suspension is due to an ongoing investigation int
Introduction: Navigating the Blue Ocean Market of ChallengesIn recent years, the Russian sports betting market has gradually become a focal point for international gaming enterprises. As the fourteenth largest gaming market globally, Russia has shown strong growth momentum under a highly regulated i
Recently, the Russian government is brewing a series of more stringent measures to curb the spread of illegal online gambling activities. These measures include blocking gambling apps and websites, as well as restricting cryptocurrency-based payment methods.According to Yevgeny Masharov, a member of
VK (VKontakte) should be quite familiar to everyone. Unlike other overseas social platforms, VK is directly accessible in China. Additionally, VK and Telegram are from the same founder. Currently, VK has over 400 million daily active users, mainly concentrated in Russia, Ukraine, Belarus, Kazakhsta
Casino investor LET Group Holdings Ltd expects to record "a net loss of approximately HKD9 million" (US$1.2 million) from the dissolution of Gold Yield Enterprises Ltd, a joint venture company 50-percent owned by a unit of LET Group. The dissolution of Gold Yield Enterprises was "effective on 9 Dece
The LNB received an award during the World Lottery Summit 2024 in Paris.El Salvador.- The National Lottery of Beneficence of El Salvador (LNB) was honored with a recognition for its leadership in responsible gaming practices during the World Lottery Summit 2024. The event was organized by the World
Telegram founder Pavel Durov criticized the EU's media restrictions, believing that Russian users have greater access to information than European users.He also criticized Apple's review process for slowing down the updates of the Telegram app, attacking the Cupertino-based company again after criti
The zero-day options mania reached new heights in 2024, sending broader options trading toward an all-time high.New data from SpotGamma shows the explosive growth in this market. Around half of all trading in Nvidia and Tesla options, some of the most popular trades, has been concentrated in bets ex
The chairman of the Ukrainian Gambling and Lottery Regulatory Commission (CRGL), Ivan Rudyi, has been detained for allegedly supporting Russian online casinos operating within Ukraine.Since the establishment of the CRGL in October 2020, Rudyi has been its leader, and the charges he faces are not lim
The Federal Security Service of Russia (FSB) stated that it recently raided a call center that had defrauded 100,000 people across 50 countries, including the EU.The intelligence agency shared a video showing masked agents storming a business center, rounding up employees of various ethnicities, and
BetBlocker has partnered with Yellow Scarf to expand its services to the Ukrainian, Polish, and Russian-speaking communities in the UK. The program is funded by GambleAware and aims to address the language barriers that often prevent vulnerable groups from accessing gambling harm prevention tools.Th
Suntrust Resort Holdings Inc has agreed a deal worth just under US$5.3 million for a unit of International Game Technology Plc to provide and maintain gaming equipment for Suntrust’s under-development hotel casino in Westside City Phase 1 in the Philippine capital Manila.The deal, dated to Friday, w
