No, he's not featuring in 'The Nutcracker Suite,' but Russia's Vladimir Putin could soon be playing online poker. (Image: MIKHAIL KLIMENTYEV/AFP/Getty Graphics)
The us government of Russia is actively considering legalizing and managing online poker, according to Russian business and politics daily Kommersant, therefore opening up a potentially huge market which may be worth $145 million annually in fiscal revenue alone.
The Russian daily publication says that Russian First Deputy Prime Minister Igor Shuvalov has instructed the Ministry for Economic developing and the Ministry of Justice to compile a report on legalizing Internet poker, which can be due for consideration on July 21st. Kommersant said that the information had been supplied by unidentified sources within the government.
Moscow has apparently been swayed by certain projections that are fiscal with some analysts claiming that on-line 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 could possibly swell to surpass 5 billion rubles ($145 million) within 5 years.
The former figure is centered on a model in which 1 to 1.5 billion rubles would be levied as being a tax on operators, with a similar amount from the players' tax. Whether Russia would adopt a framework that is monopolistic an available market remains to be seen.
It's truly an about-turn from a co