Betting business in CIS countries and laws adopted in 2020

This is a guest contribution by Dmitry Marketing Manager of Inbet Games. If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you.

The popularity of betting business increased substantially within the territory of CIS countries. The betting companies will always bring income to their founders due to demand on the gambling market and possibility of acquisition of customers of various categories. This is proved by the official studies of experts in the economic area and gradual legalization of gambling business in many countries. In all cases success is based upon the choice of reliable software, customer-oriented approach and consideration of lines distinguishing the bookmakers’ facilities from the other competitors.

High revenues and continuous flow of betters attract the tax services and competent authorities of the countries, resulting in the implementation of new draft legislations. According to the European practice, the deductions from the bookmakers’ facilities increase the federal budget substantially and enable to raise new investment opportunities into the sports sector of certain country.

The legislative innovations