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Gaming Business Association asks everybody concerned with maintaining of civilized gaming business in Russia for cooperation

Federal Tax Authority to be responsible for licensing bookmakers` offices and totalizators

From June 1st, Federal tax Authority will be responsible for licensing bookmakers` offices and totalizators. Licence introduction will let only the major players stay in the market, and the minor ones will have to go out of business or fall back into the shadow. However, their owners may be sentenced up to 5 years of jail for the latter.

On January 1st, 2007, the law on state regulation of activities involved in gambling organization and arrangement came into effect, and it provides for the relocation of gambling facilities to the four special zones placed in Primorie, Altay and Kaliningrad regions and on the border between Krasnodar and Rostov regions.

Only bookmakers` offices and totalizators will not have to relocate, they will have the chance to stay where they are. Meanwhile the state decided to introduce licensing for the activities involved in gambling organization and arrangement in these facilities. As soon as from June 1st, 2007, operations of non-licensed bookmakers` offices and totalizators will be forbidden. Besides. one of the requirements to gambling operators of bookmakers` offices and totalizators stipulates for a certain amount of net assets – it may not be less than 100mln rubles.

The authority responsible for issuing licences, according to a RBC Daily source, will be Federal Tax Service. “It is reasonable, the tax authorities used to be responsible for licensing gaming business as well,” believes Nickolay Fraytack, a manager of AGA Management Company. Though the very occurrence of the new permission, given the state commitment to cut the number of licences, looks rather strange. “This way they realize the request to reduce the gambling market by introducing an administrative barrier and making an economic barrier against entering the market, i.e. the striving for enlargement the market and reduction of the number of its participants,” says Alexey Kalinin, a consultant of the audit and consulting group “Business System Development”. It was impossible to get FTS comments yesterday.

The new requirements will seriously influence the market of bookmakers` services. “Over a half of the locations will have to close”, assumes Evgeniy Kovtun, Vice-President of Gaming Business Operators Association.

The major players, however, will feel comfortable under the new conditions as well. “They are ready to have 100mln rubles of net assets to secure the payout of winnings to gamblers,” believes Oleg Zhuravsky, the head of National Bookmakers` Association. Nowadays there are eight large bookmakers` offices in the market; apart from them, in Russia there are 367 registered tills – that is what tiny bookmakers` offices are called. It is not improbable that a part of them will have to go illegal to continue their business. Anyway, for such activities they are threatened with up to 5-year imprisonment for illegal entrepreneurship.

ÐÁÊ daily

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Interview at MyCasCom with Evgeny Kovtun. ->
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The first English-language edition of Evgeny Kovtun’s book “Legal regulation of gambling in former USSR countries” ->
14-11-2008
Igor Ballo: Law is always better than lawlessness ->

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