The situation for Russian gambling establishments
The bank's press service commented on this situation as follows. They declare, that they are guided by Russian law, and in particular by law No. 244. In which a ban on card payments in favor of foreign operators is clearly spelled out, organizing gambling. Gambling establishments located on the territory of the Russian Federation, this prohibition does not in any way apply. And you can make a payment without any restrictions.
With this prohibitive method, the government is trying to support domestic producers. Which is sometimes difficult to compete with more eminent foreign companies. Which in turn will increase tax revenues from Russian operators of the gambling industry.
These measures affected not only poker rooms, but also bookmakers, casino, other similar establishments. FTS has already compiled a list of companies, banned. And he will keep his finger on the pulse constantly updating it.
Federal law from 18 Martha 2020 r. No. 49-FZ "On the transfer of part of the income, received by the Central Bank of the Russian Federation from the sale of ordinary shares of a public joint stock company “Sberbank of Russia”
19 Martha 2020
Adopted by the State Duma 12 Martha 2020 of the year
Approved by the Federation Council 14 Martha 2020 of the year
1. Income (positive financial result), received by the Central Bank of the Russian Federation (Bank of Russia) from the sale of ordinary shares of a public joint stock company “Sberbank of Russia” according to part 1 articles 1 Federal law “On the acquisition by the Government of the Russian Federation from the Central Bank of the Russian Federation of ordinary shares of a public joint stock company “Sberbank of Russia” and recognition as invalid of certain provisions of legislative acts of the Russian Federation”, in total, exceeding 300 billion rubles, increased by the amount actually incurred by the Bank of Russia from the sale in 2020 – 2023 years of shares of credit institutions, in respect of which the Bank of Russia took measures to prevent bankruptcy, but not more 200 billion rubles, in time, established by the Government of the Russian Federation, to be transferred to the federal budget in cash and (or) by transferring to the treasury of the Russian Federation the rights of claims of the Bank of Russia against a public joint stock company “Sberbank of Russia” under subordinated loan agreements, provided by the Bank of Russia in accordance with Article 5 Federal law from 13 October 2008 year N 173-FZ “Additional measures to support the financial system of the Russian Federation”, up to 150 billion rubles, as well as the rights of claims of the Bank of Russia against the state development corporation “ВЭБ.РФ” under the contract (treaties) on placing funds on deposit (deposits), prisoner (prisoners) until the day of this Federal Law, up to 350 billion 450 million rubles. The Bank of Russia has the right to transfer, and the Government of the Russian Federation has the right to accept the specified rights of claim to the treasury of the Russian Federation at their book value on the day of transfer. Loss of the Bank of Russia from sale in 2020 – 2023 years of shares of credit institutions, in respect of which the Bank of Russia took measures to prevent bankruptcy, defined as the difference between cash, received by the Bank of Russia as a result of the sale of these shares, and their carrying amount.
2. Part of income, received by the Bank of Russia from the sale of ordinary shares of a public joint stock company “Sberbank of Russia” and in accordance with this article subject to transfer to the federal budget and (or) transfer to the treasury of the Russian Federation, not subject to accounting when determining the profit of the Bank of Russia for the purpose of transferring part of the profit of the Bank of Russia to the federal budget in accordance with part one of article 26 Federal law from 10 july 2002 year N 86-FZ “About the Central Bank of the Russian Federation (Bank of Russia)”.
This Federal Law shall enter into force on the day of its official publication..
|President of Russian Federation||IN. Putin|
18 Martha 2020 of the year
How the regulation of sports betting on the Runet will affect players?
It's not a secret to anybody, what is more competition in the market, the higher the quality of the services and products provided. To me as a player, naturally, I want to, so that I have a choice between many bookmakers, so that in the fight for me as a client, they pay more and more attention to the quality of their services. By the quality of services in the field of sports betting I mean the reliability and honesty of bookmakers, helpful and friendly support team, high odds and wide range of bets, as well as the speed of payments.
We discuss below about, How will the main points of the draft amendments to Law No. 244-FZ affect the quality of services?.
Additional 100 million rubles to enter the SRO
The current amendments make it even more difficult for small companies to enter the sports betting market. In addition to 500 millions of rubles of a bank guarantee will have to pay a fee to enter the SRO - 100 million rubles. Can, it's bad for business, but for me as a player it's kind of good. After all, earlier it was guaranteed that I would have been paid a prize of only 500 million rubles, and now whole 600 million. If serious, then I agree, what large companies should operate in this segment.
But the point is, that in Russia the concepts of a large company and a decent company correlate very weakly. Sometimes it seems to me, that they don't correlate at all. So, eg, the largest Russian office "FON" cannot be called an example of decency. They block the accounts of professional players, confiscate their balances and make refunds more often than others. Next on the list are "Betcity", Baltbet, "Zenith". We receive complaints about all these companies almost every day.. Meanwhile, companies, which are smaller, manage to solve most of the problems of their players at the stage of contacting support. Paradox, isn't it true? But no, everything is much simpler. Companies, which are smaller, trying to compete with the big ones by creating an image of a company with a good reputation. It turns out, what companies, showing decency to their clientele, not motivated, that they have enough funds for this, namely competition. Finally, additional 100 million will not be a serious hindrance for operating companies, but this innovation cannot be called a positive / useful change. Perhaps, this is a senseless and unjustified innovation.
Creation of a single center for recording rates and a single payment system
The rate accounting center was originally supposed to carry, obviously, a useful function of collecting market information - with the aim of using it later in the interests of the state, eg. But instead, amendments to the law provide for the creation of a unified payment system on the basis of this center., which will be allowed to take commission as from the player, and from the bookmaker's office. I dislike this item the most.. Because there are two options for using this lever:
1. Set an acceptable commission, which we - the players will ultimately pay for. Since it's not a secret to anyone, that the only method of covering the costs in the bookmaker's office is to increase the margin. It means, that odds in bookmakers will be lower, and we - the players - will win less or lose more (who is more comfortable).
2. Put such a commission, in which other offices do not want to work on the Russian market and "enjoy" the monopoly. I will not dwell on the dangers of monopoly. Everybody already knows, that under a monopoly the final consumer of services always suffers.
How exactly this lever will be used, We do not know. But I don't want to rely on the prudence of people and would rather, so that this possibility is completely excluded.
so, as a player I am against amendments, because they can only affect the players in a negative way.
The second position on this issue is my position as the owner of the site "Rating of Bookmakers".
How the regulation of sports betting on the Runet will affect the sites, earning from advertising bookmakers?
As a business owner, I am primarily interested in making a profit. Despite this, I am always ready to give up a one-time / quick profit in favor of a long-term perspective. To this day, we are offered to advertise all sorts of casinos and other dubious products, loosely related to our topic, for a lot of money, but as I have said more than once, I prefer to make money without adventures. Legalization of bookmaking may have an ambiguous effect on the "Rating of Bookmakers" as a business.
One side, we will have fewer advertisers, since not everyone in a row will receive a license. And as you know, the less demand, the lower the price for the service. On the other hand, those companies, who will get a license, will not be afraid of long-term investments in marketing, and the lack of sponsors will be compensated by large marketing budgets.
The only thing, what worries me as the owner of RB, so this is, what's on the market, possibly, there will be no companies with a good reputation. And you will have to make a rating based on the principle of choosing the least evil. But again, I see no other reason for large international companies to refuse to operate in Russia., apart from unwillingness to depend on the SRO, which can use all the same leverage - commission on payments, in order to put pressure on business or parasitize on it.
Overall I am an entrepreneur, certainly, I stand for regulated gambling. Immediately after that, we will receive a multiplier for assessing the cost of our resource, which is usual for the Internet technology market (now it is much lower). But I do not want to rely on the prudence of persons, into whose hands such a powerful lever of pressure on our potential advertisers will be transferred. I repeat, better let it just not be.
By the way, i am almost sure, what if opponents of the draft amendments were engaged in constructive criticism instead of, to speak, that everything is fine with us and we must leave everything as it is, they would surely have been heard. Neither MPs, neither the government is sufficiently aware of the state of the sports betting industry and the mechanisms within it. This was demonstrated by the speeches of the State Duma deputies at the round table, as well as their further statements in the press. And now these people, in whose hands actually lies the fate of sports betting on the Runet, hear from one side, that it is necessary to regulate Internet gambling and introduce it into the legal field, and from the opponents of the project - fantasies about, what children will put in terminals. In addition, a third party has become active, which at her populist-clown rallies talks about the connection between sports betting and slot machines. Interesting, from whose submission they were activated?
Gotta admit, that the arguments of the opposition to the adoption of the amendments are very weak, and if I were a deputy, I would listen to the arguments of the supporters of the amendments, but experience shows, that sometimes logic is not the only thing, what is the national assembly guided by. Hopefully, that this post will not only be read by players, but also all other parties involved in the process and, may be, listen to my point of view. I tried to be as objective as possible.
Solution to the problem
Known, that the popular foreign payment systems Skrill / Neteller / ecoPayz will not be affected by these restrictions. Therefore, it would be quite reasonable to switch to them in settlements with poker rooms..
Russian electronic wallets such as qiwi and Yandex Money are still working flawlessly. These services easily make deposits to poker rooms and bookmakers. But how long will it last, and when to wait for the next tightening of Russian legislation is difficult to answer. Moreover, there are rumors on the Internet that Sberbank will take over the Yandex Money service..
So far, such tough measures have been taken only with respect to deposits. Cashew, usually, pass without problems. But how long will this last again be a big question.
Based on the above, we can assume, that most regs will easily bypass this ban, reseeding to e-wallets, and many have been using them for a long time. But the influx of new players from our country can greatly decrease. And old fish who do not want to bother with the transition to alternative methods can stop carrying their hard-earned money at the poker tables.