Overall situation in the market can be described as "calm". Ban on gambling business with the law "On national payment systems" soon coming into effect is forcing the market participants to look for alternative ways to develop or move into other industries and market segments.
As noted by a market expert, Lyubov Loginova, Chairman of the Board of Alsart Group, "big market players rushed out to the west and to those jurisdictions where gambling is legal. During its existence the market has gained experience and developed tools that may be of interest to and in demand by the foreign partners.
Online products developed by Russian companies are already in great demand in the foreign markets thanks to the original mathematics, excellent graphics, ease of use and flexible affiliate schemes". Among the most notable developments are the amendments to Chapter 29 of the Russian Tax Code introducing new tax rates for bookmakers.
Russian President Dmitry Medvedev signed into law the amendments ...[more]
