One of the founders of the gambling industry during the later years of the Soviet Union says a plan to legalize online casinos will boost Russian treasury revenues and scupper the illegal betting sector.
Tax revenues from the gambling industry have plummeted since Russia restricted operations to designated zones, according to the gambling expert. He believes that legalizing online casinos will not only increase tax revenues but also help eliminate the illegal betting market.
The move to legalize online casinos is expected to provide a significant economic boost and bring in much-needed revenue for the Russian treasury, which has been adversely impacted by the restrictions on gambling operations in the country.
