The offshore books of Russian shell companies have billion dollars pouring a year that are linked to one semi-legal growing industry. Illegal gambling has blossomed and still growing in other countries. It is one of the major problems that countries face every day.
Illegal Gambling Russia – World cup 2018
This brings the first-hand encounter for the country as it gets ready to be hosting the World Cup in June and July. Russia has been in the news for the past years for match-fixing allegations in football. Illegal gambling is less expected to take place in football. This cannot be taking place when the most loved and enjoyed sport is about to be hosted in the country in the next couple of days.
Illegal Gambling – Russia
This represents an additional dark corner of the country’s economy that experts have struggled to protect. The Director of the government-mandated online betting payment system, Anton Rozhkovsky, said in a comment that: “The total revenue volume of the legal and offshore online bookmaking industry comes to over two billion dollars a year,”
Moreover, he said that they don’t pretend to know if their real number is $2.5 billion or $4 billion. And also he said that about 70% of the money forms the illegal offshore accounts. Contained request for prearranged gambling was released with the collapse of the Soviet Union. It further led to ostentatious casinos and dodgy slot machine halls launching across Russia.
The Russian government tried to enforce an order by shutting them down in 2009. Also, allow bookies to open sports betting business that gravitate toward football. With the Value-added internet access that made most of the punters online and shaped legal vacuum. That is filled with scores of unknown websites with no authorizations but growing business. It is also expected that the market will triple in the next coming five years. This is all thanks to the coming world cup.