Bingo Boom are a Moscow-based developer of products across lottery, betting and online gaming. The Bingo Boom portfolio includes an online casino, a range of roulette, blackjack and poker games, betting software and bingo games.
This week, Moscow will host the 11th annual conference and exhibition, Russian Gaming Week. Presentations over the course of the program will be dedicated to bookmaking with the respect to the new legislation and preparation to the football World Cup 2018. Among the speakers are lawyers, betting shop managers and advertising specialists. What should bookmakers […]
Russian Gaming Week starts in Moscow in a week. It is the largest event in Russia dedicated to the gambling industry. The two-day program includes several specialized sections, exhibition, open lectures, workshops and discussions. RGW is the annual meeting of the industry representatives, which will be held for the 11th time. This year, the event […]
Bingo Boom executive director Konstantin Makarov will be speaking at the Russian Gaming Week 2017 conference about the influence of betting on esports development. Makarov, who is also the president of Foundation for computer sports support and development, and head of Self-regulatory Organization of Bookmakers, will speak about the increasing interest in eSports; the growing […]
Russian bookmakers have welcomed the Finance Ministry’s decision to soften the requirements in which bookmakers and totes need to give part of their proceeds for the development of sports. The new version of the bill was published on the government’s official website on November 15. According to the latest version of the bill, the ministry […]
Russia’s bookmakers see their future as being online, with some major players closing down traditional betting shops to focus on the interactive sector. This year’s Russia Gaming Week reflected that trend with some bookies saying they had eschewed booths at the show to channel funds instead to the development of online services.
Russia’s bookmakers are looking forward to a bonanza from the 2018 FIFA World Cup, but would like to see regulations eased, in particular with regard to online bets from foreign visitors, to enable them to take full advantage. Sports betting has seen a surge in volumes during recent soccer tournaments and record numbers are expected this time around for the event, which will be held in Russia.
Russia’s eSports market is tipped for strong growth, though the ability of the country’s bookmakers to tap the potential may be held back by cumbersome laws on online gambling and a failure to understand the audience.
Russian bookmakers continue to struggle with a tangled web of regulations aimed at controlling the online market, with a new centralized online payments hub coming under fire for being overly complicated.
Russian gambling industry executives have lambasted a Finance Ministry proposal to raise gaming taxes, saying that such an initiative would "destroy the gambling business." To date, one of Russia's key draws for foreign investors has been its low taxation rate. If taxes rise tenfold as proposed, the industry will come to a standstill, participants say.
Russia’s latest decree on the online gambling market failed to provide the clear regulatory framework to legalize online sports betting that many in the industry had hoped for and left more questions than answers. Participants at the recent Russian Gaming Week give their views on whether the latest decree legalizes Internet sports betting or not.