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Online Poker in Russia Tries to out come in of the Cold

Online Poker in Russia Tries to out come in of the Cold

No, he’s not starring in ‚The Nutcracker Suite,‘ but Russia’s Vladimir Putin could be playing online soon poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Graphics)

The us government of Russia is actively considering legalizing and managing online poker, according to Russian business and politics daily Kommersant, thus opening a potentially huge market that could be worth $145 million annually in fiscal revenue alone.

The Russian daily book says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic Development and the Ministry of Justice to compile a written report on legalizing Internet poker, that will be due for consideration on July 21st. Kommersant stated that the given information had been supplied by unidentified sources within the government.

Moscow has apparently been swayed by certain projections that are fiscal with some analysts claiming that on-line poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to the state’s coffers per 12 months, a figure that may potentially swell to meet or exceed 5 billion rubles ($145 million) within five years.

The former figure is centered on a model in which 1 to 1.5 billion rubles would be levied as being a tax on operators, with an identical amount from the players‘ income tax. Whether Russia would adopt a framework that is monopolistic an open market remains to be seen.

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