Russian parliament to consider gambling bills

The draft gambling industry bill stiffens the requirements imposed on this market’s participants. In the event that the bill is passed, in order to open a casino or a gambling house, a bank security of USD 10.6 million and USD 5.3 million in equity capital are required. Winnings must comprise no less than 80 percent of play.

The bill also sets stricter requirements governing the facilities in which gambling houses and casinos may be established, and introduces mandatory licensing for such institutions. A bill canceling licensing of gambling equipment production for the next 6 months will also be considered in its third reading.