No, he’s not featuring in ‘The Nutcracker Suite,’ but Russia’s Vladimir Putin could be playing online soon poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Images)
The us government of Russia is actively considering legalizing and regulating poker that is online according to Russian business and politics daily Kommersant, hence checking a potentially huge market which may 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 developing and the Ministry of Justice to compile a written report on legalizing Internet poker, which can be due for consideration on July 21st. Kommersant said that the given information had been provided by unidentified sources within the government.
Moscow has apparently been swayed by certain projections that are fiscal with some analysts claiming that internet poker legalization could bring 2 to 3 billion rubles ($58 million to $87.5 million) to your state’s coffers per year, a figure that may potentially swell to meet or exceed 5 billion rubles ($145 million) within 5 years.
The figure that is former according to a model in which 1 to 1.5 billion rubles would be levied as being a income tax on operators, with a similar quantity from the players’ income tax. Whether Russia would adopt a framework that is monopolistic an open market remains to be seen.