No, he’s not starring in ‘The Nutcracker Suite,’ but Russia’s Vladimir Putin could soon be playing online poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Photos)
The us government of Russia is actively considering legalizing and managing poker that is online according to Russian business and politics daily Kommersant, hence checking a potentially huge market which could be worth $145 million annually in fiscal revenue alone.
The Russian daily book says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic Development and the Ministry of Justice to compile a study on legalizing Internet poker, which can be due for consideration on July 21st. Kommersant stated that the given information had been given by unidentified sources within the government.
Moscow has apparently been swayed by certain fiscal projections, with some analysts claiming that on-line poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to the state’s coffers per year, a figure which could potentially swell to exceed 5 billion rubles ($145 million) within 5 years.
The former figure is according to a model in which 1 to 1.5 billion rubles would be levied as being a income tax on operators, with the same quantity from the players’ tax. Whether Russia would adopt a monopolistic framework or an open market remains to be seen.
It’s truly an about-turn from the country who h (more…)