New amendments to casino regulation, TOT and betting 

The full reform of the gambling industry in all slots is not yet complete: a unified commission has not been fully formed. Nevertheless, the Ministry of Finance has published 11 documents on various innovations in the jurisdiction of the industry; the relevant document is published on the official portal of the Ministry. 

The regulatory changes concern all verticals and representatives of gambling business: betting shops, betting shops, online and land-based casinos, self-regulation of these businesses. The amendments, moreover, will provide new requirements for the transparency of OAI information and reporting to the state regulator, and requirements for the credit institution. 

The second initiative of the amendments will be the governmental draft "On abolishing the administrative regulations of the Federal Tax Service of the state service on entering the information of gambling and betting organizations...". The full text of the document with amended regulations is not yet available on the portals of the Ministry of Finance and Federal Tax Service of Russia. Like the previous draft of the amendments, it was published on January 18. 

As for accreditation requirements: here everything depends on full cooperation with the country's new single gambling regulator. The regulator is organised as a public-law company. It is reported that a full-fledged piece of legislation is expected to come into force in October 2021. An examination has been appointed for corruption conflicts to which the text of the draft may lead. The regulations required of a credit institution are as follows: 

Have a capital of at least one billion roubles

Have a document of cooperation between the organisation and the regulator, under which the regulator will receive back the amount of the deposit. 

The organisation must be in a compulsory insurance system.

Have a good credit rating and no debts. 

Finally, the licensing process for gambling organisations has changed. BKs are required to sign agreements on the use of symbols, provision of information, target deductions, and to report to the ERAI. 

The state, casinos and betting shops also need to abolish and invalidate the old rules on counting 'earmarked' deductions". This is another draft from the amendments. The operation of a betting shop or business must be organised in line with the new rules on the calculation of earmarked contributions, based on the objectives of modern federal sport. 

This draft will presumably come into force in October, as will other possible amendments by the government.  The meeting and discussions on the draft ended on 2 February, but it is worth noting that the full text of the amendment has not been published casino welcome bonus.