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The Ukraine crisis may delay online poker legalization in Russia
Given the geopolitical crisis in Eastern Europe, multiple economic sectors have been experiencing considerable downfall. The latest case in point: the crisis in which Russia and Ukraine are involved. In recent months, it has become a conflict between Russia and the West, the result of which appears to slow down the process on online poker legalization in the country. Worse, the Ukraine crisis is gaining momentum as the Western countries intervene. Europe and the United States have imposed multiple sanctions to Russia. For its part, Russia threatens to stop supplying gas to the whole Europe. As we mentioned above, the world of poker online is also affected by the crisis. The Russian government ministries held a meeting in August 2014, and all agreed that online poker legalization is vital for the countrys economy. However, the parliament may decide not to approve the online poker bill over fear of the fact that Western e-gaming providers would amass revenues from the Russian gambling market.
Following the government ministries meeting in August 2014, it was decided to give a go-ahead to online poker legalization. Included in the decision is the new online poker law that requires operators to store the personal information of players on secure servers within Russia. Presented at the meeting, The Royal Time Group may claim that only gambling providers operating land-based casinos in the country should be allowed to get the license to run online poker services. As a glimpse of hope, gambling analysts suggested the bill will be passed by the Russian parliament as soon as the tension between Russia and the West is restored.
Source: Jack SMITH
Sunday, 21 September 2014
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