{"id":12759,"date":"2020-12-15T23:00:47","date_gmt":"2020-12-15T23:00:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=12759"},"modified":"2026-04-23T23:11:11","modified_gmt":"2026-04-24T02:11:11","slug":"igaming-operator-exits-russia-ahead-of-potential-betting-tax","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/igaming-operator-exits-russia-ahead-of-potential-betting-tax","title":{"rendered":"Igaming operator exits Russia ahead of potential betting tax"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">VulkanBet will stop operating in Russia and concentrate on markets with &#8220;loyal conditions.&#8221;<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Russia.- Russia\u2019s potential new gaming tax appears to already be chasing away business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Russian-licensed site VulkanBet.ru, which offers sports betting and casino games, has announced it will cease operating in the Russian Federation from January 1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Malta-based operator behind the site says it has already stopped accepting new wagers and customer registrations in the Russian market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Launched in 2019, the brand is the title sponsor for Gambit Esports\u2019 tournaments, a partnership announced in October.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company now plans to \u201cfocus its development on markets with more loyal conditions for conducting betting business,\u201d it said.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Russian authorities are considering a bill that will impose a 1 per cent tax on betting turnover. It also plans to establish a unified gambling regulator for the entire Russian Federation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bill N\u00b01055657-7, which was proposed by United Russia legislators Viktor Deryabkin and Igor Stankevich, has been approved by the Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship and passed to the Legal Department at the Office of the State Duma.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The department is expected to deliver its analysis by December 1 and the bill will be <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/russian-legislators-to-vote-on-single-gambling-regulator\" target=\"_blank\" rel=\"noreferrer noopener\">read on the Duma floor<\/a><\/em><\/strong> before the end of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">VulkanBet said it would continue to \u201cmonitor the development of the situation in Russia&#8221; and does not exclude the possibility of returning to the market in the future<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VulkanBet will stop operating in Russia and concentrate on markets with &#8220;loyal conditions.&#8221;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"VulkanBet, a Malta-based operator, is ceasing its Russian-licensed sports betting and casino operations from January 1, citing a proposed 1% betting turnover tax and the establishment of a unified gambling regulator. The company plans to reallocate focus to markets offering more favorable regulatory conditions, though it will monitor the Russian situation for potential future re-entry.","focusai_entities":"VulkanBet, VulkanBet.ru, Gambit Esports, United Russia, Viktor Deryabkin, Igor Stankevich, Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship, Legal Department at the Office of the State Duma, State Duma","focusai_location":"Russia, Russian Federation, Malta","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on Russian GGR?","query":"What is the projected impact of VulkanBet's withdrawal on Russia's overall Gross Gaming Revenue (GGR) and the competitive landscape for remaining licensed operators?"},{"label":"Regulatory precedent?","query":"Will the proposed 1% betting turnover tax and unified regulator in Russia set a precedent for similar fiscal or governance frameworks in other emerging iGaming markets?"}],"footnotes":""},"categories":[16331,154,158],"tags":[225,2255],"class_list":["post-12759","post","type-post","status-publish","format-standard","hentry","category-elsewhere-news","category-legislation-news","category-slider-home","tag-legislation","tag-russia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12759"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12759\/revisions"}],"predecessor-version":[{"id":12762,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12759\/revisions\/12762"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}