Russian sports betting operator Fonbet has been named part of the ‘backbone’ of the national economy, prompting wary skepticism among its local rivals.

Last week, Russian news agency Interfax reported on a new list of ‘systemically important organizations’ whose financial health a government commission has determined require monitoring. The aim is to ensure the sustainability of the economy amid the double whammy of the COVID-19 pandemic and the collapse in the price of oil, Russia’s primary export.

Among the 646 companies making the grade was LLC F.O.N. aka Fonbet, Russia’s leading sports betting operator. Precisely why the government apparently feels the bookmaker is too big to fail is unclear, but its inclusion will permit Fonbet to apply for state aid during this current downturn (and possibly in the future).

It remains to be seen if Russia’s other bookmakers will be allowed the same opportunity. Last month, Russia’s two sports betting industry associations asked the government for tax and business rates relief, as well as for permission to forego their mandatory annual contribution of 5% of their betting revenue to local sports – the dormancy of which is among the reasons that Russia’s bookies are in such trouble.