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Overview

The Russian gambling industry is in a severe state of flux right now and it’s hard to actually pin down the specifics. The Russian government recently saw a huge increase in the number of online casinos operating in the country and targeting Russians because of legislation that took effect earlier this year that forced land gambling establishments out of the cities and into four distinct and remote regions of the country. Land gambling at parlors, casino venues, and clubs was a huge source of entertainment for the citizens of Russia and also a cash-cow for the Russian government because of tax revenues generated from a full and profitable land gambling industry. Over the past two years, though, the Russian government has changed it’s position on gambling and pushed the industry out of the cities in an effort to protect the citizens from some of the social ills associated with internet gambling.

More recently the online casinos have really flourished in the unregulated internet gambling environment in Russia. The government, while not approving of the internet gambling industry, also does not have controls in place to stop the internet gambling sites from targeting Russians who are looking for a filler now that all of the legal land gambling venues are gone.

The Russian government is now on the defensive and looking for ways to curb the confusing legislative environment in the country. On a broad scale, land and online casino gambling is quite popular in Russia because the Russians seem to have an affinity for the games; despite unclear legislation and the forced exit of major gambling companies, Russians are still actively seeking out gambling opportunities.

This entry was posted on Friday, October 23rd, 2009 at 7:25 pm and is filed under Online casinos news. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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