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 Images)
The us government of Russia is actively considering legalizing and regulating online poker, according to Russian business and politics daily Kommersant, hence checking a potentially huge market which may be worth $145 million yearly in fiscal revenue alone.
The Russian daily book says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic developing and the Ministry of Justice to compile a written report on legalizing Internet poker, which can be due for consideration on July 21st. Kommersant stated that the information had been supplied by unidentified sources within the government.
Moscow has apparently been swayed by certain fiscal projections, with some analysts claiming that on-line poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to your state’s coffers per year, a figure that may possibly swell to exceed 5 billion rubles ($145 million) within five years.
The figure that is former centered on a model in which 1 to 1.5 billion rubles would be levied being a income tax on operators, with a similar quantity from the players’ income tax. Whether Russia would adopt a monopolistic framework or an open market remains to be seen.
It’s truly an about-turn from the country w (more…)