Online Casino Transfer: News - Russian Exodus

01/16/2010		Online Casino Style: News Russian Exodus - 2
Home History Games News Dictionary		continued from Russian Exodus - 1 The unfortunate fact of the matter is that if online gambling as well as land-based venues are forced to up, move, and start over, they would rather do so overseas than in the remote regions set aside by the government. "It's preposterous to think these [gaming zones in remote locations proposed by the Russian legislation] could be up and running soon,” said Samuel Binder, the executive director at the Russian Association for Gaming Business Development. “Even those who have investments for gaming have realized they'd rather take their money elsewhere in the ex-Soviet Union or to Latin America." But Bolivia is not the only new location of choice: Colombia and Mexico have also seen an influx of Russian business applying for business and gambling licenses in their districts. Meanwhile, Chile has seen a surge in the industry as well while Lima, Peru is rapid gaining a reputation for their friendly demeanor for online gambling firms. While Bolivia only allows ‘soft gambling,’ (meaning no dealers, and no wheels) some of the other countries are welcoming the banned casinos from Russia with open arms, eager to win back some of the revenue lost to internet gambling into a taxable field. Some believe that there is a danger correlated to having so many powerful Russian casino companies in Latin America, and already, rumors have begun about a developing Russian mafia, controlling the money and influencing the gambling industry. Bolivia’s Cardenas, who runs a good section of the local gambling industry, has een admitted to being wary of such a rich growth spurt so fast. "Gambling, drugs, prostitution and arms - they go together,” he was quoted as saying.

01/16/2010

Online Casino Style: News
Russian Exodus - 2

continued from Russian Exodus - 1

The unfortunate fact of the matter is that if online gambling as well as land-based venues are forced to up, move, and start over, they would rather do so overseas than in the remote regions set aside by the government. "It's preposterous to think these [gaming zones in remote locations proposed by the Russian legislation] could be up and running soon,” said Samuel Binder, the executive director at the Russian Association for Gaming Business Development. “Even those who have investments for gaming have realized they'd rather take their money elsewhere in the ex-Soviet Union or to Latin America."

But Bolivia is not the only new location of choice: Colombia and Mexico have also seen an influx of Russian business applying for business and gambling licenses in their districts. Meanwhile, Chile has seen a surge in the industry as well while Lima, Peru is rapid gaining a reputation for their friendly demeanor for online gambling firms. While Bolivia only allows ‘soft gambling,’ (meaning no dealers, and no wheels) some of the other countries are welcoming the banned casinos from Russia with open arms, eager to win back some of the revenue lost to internet gambling into a taxable field.

Some believe that there is a danger correlated to having so many powerful Russian casino companies in Latin America, and already, rumors have begun about a developing Russian mafia, controlling the money and influencing the gambling industry. Bolivia’s Cardenas, who runs a good section of the local gambling industry, has een admitted to being wary of such a rich growth spurt so fast. "Gambling, drugs, prostitution and arms - they go together,” he was quoted as saying.