Russia plans to to bring ‘transparency’ to its grey market gambling sector, although it’s unclear whether this includes online gambling operators.
On Wednesday, Interfax quoted Russian Finance Minister Anton Siluanov (pictured) saying his ministry had prepared legislation to regulate ‘grey’ market gambling “to make it transparent and to bring the treasury revenues which are now hiding.” Siluanov said significant grey operations were “still present in the segment of games of chance.”
Interfax claimed Siluanov was referring to ‘one-armed bandits,’ aka gaming devices in land-based businesses, which are illegal outside of Russia’s designated casino zones.
But in last week’s annual televised Q&A, Russian president and occasional Bond villain Vladimir Putin claimed his government remained opposed to authorizing video lottery terminals outside these official zones, so it remains unclear exactly what ‘grey’ revenues Siluanov’s legislation hopes to capture.