Industry news
On November 22, the official internet-portal of legal information published the law № 396-FZ, providing changes in the legislative regulation system of professional sport. The document adds the term “sport agent” into the Russian legal vocabulary. It means a citizen or organization focusing on job placement of athletes and coaches. The law prohibits agents to bet in betting shops and pools on sports events related with their professional activity. The law also spells out agents’ obligations arising from Compliance as...
The rise of the tourist flow from China to Primorye is expected next year. At the exhibition China International Travel Market in Shanghai, cruise operator Costa Group Asia announced its intentions to send customers to the region. Costa Victoria Deck 14 with 2000 passengers on board for the first time entered the port in Vladivostok in May last year. Tourists were pleased with the voyage, and cruise company decided to increase the number of such visits. Its liners will visit...
According to the new solution, Yantarnaya gambling zone will be operated by departments of Economy and Regional Control. It was officially reported on the website of Kaliningrad authorities. The Department of Regional Control will be responsible for organizational issues, in particular, gambling monitoring. Officials will also monthly report to the Ministry of Finance and Tax Service. The Department of Economy is in charge for establishing efficient interaction between State government bodies, Kaliningrad officials and gambling operators. Besides, this department will...
The Government of Mongolia has tabled a draft law on the creation of casinos within the border territory with Russia and China to the Parliament – the State Great Hural. If the MPs approve the initiative, gambling venues may be constructed in Altanbulag (near Russian city Kyahta in Buryatia) and Zamyn oud (on the border with China). Casino operators will need to get a license for 10 years. It will cost from 20-75 billion MNT ($9-40 million). This is not...
Russia's deputy sports and youth minister Natalya Parshikova told journalists that the Ministry relies on the State Duma to adopt the draft on additional financing of sports organizations by the end of the current session. Deputies approved it on first reading on November 3. This document stipulates the introduction of 5% fees for betting houses based on quarterly income in favour of organizers of sports competitions that are subject to betting. The minimum amount of fee paid to one organizer...
