BetVictor bid Russia buh-bye as legislative noose tightens

Gibraltar-based bookmaker BetVictor has withdrawn its services from Russia’s online gambling market as that country continues to rewrite its gambling laws.

Last week, BetVictor’s Russian customers reported receiving emails from the company informing them that their long association was coming to an end. Customers have been instructed to cash out the funds in their accounts, which are to be closed without any indication that they will be reopened anytime soon.

News of BetVictor’s imminent exit came the same week that Russian legislators confirmed plans to make life more difficult for internationally licensed online operators serving Russian customers. The plans involve creating a blacklist of unauthorized operators for whom Russian banks and payment processors will be forbidden to process online gambling payments.

The payments ban is but one of a number of legislative efforts intended to dramatically revamp Russia’s online gambling landscape, which involves allowing Russian bookmakers to offer online sports betting while maintaining the prohibition on online poker and casino products.