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Tag Archives: Russia

Ukraine – Parimatch completes franchise withdrawal from Russia

After completing all necessary legal proceedings and technical aspects, the Parimatch franchise has left the Russian market for good. Ultimately this means that Russia has been unplugged from Parimatch’s software and the brand cannot be used on any platforms or in any format. “The war that Russia started against the Ukrainian people and state made…

Russia – BETER terminates all contracts with Russia

Next-gen gaming provider BETER has announced it is terminating co-operation with all Russia-based business partners.  Given the status of war between Ukraine and Russia, BETER’s senior management now considers the wider BETER global community as morally unable to continue doing business with a country that is an aggressor nation for many of BETER’s partners and…

Russia – NagaCorp suspends development of its Vladivostok casino project

Cambodia-based casino group NagaCorp has announced the ‘indefinite suspension’ of its huge casino project in the Entertainment Zone of the Primorye Region near the port of Vladivostok in Russia’s Far East. The resort was being built in three phases, with the first phase which saw an investment of up to US$200m breaking ground five years…

Russia – Parimatch Russia appoints Dmitry Sergeev

Parimatch Russia has announced the appointment of Dmitry Sergeev as the franchise-based partner of Parimatch Tech targets expansion across the CIS and Eastern European regions. Formerly CEO of Parimatch CIS, Mr. Sergeev will be tasked with developing the brand in Russia, as well as taking charge of Parimatch Tech’s franchise implementation as Parimatch Russia separates…

Russia – C&C/Austria and MSFG International complete IGT install at Altai Palace Casino

C&C/Austria, in cooperation with MSFG International, has delivered IGT machines to Altai Palace Casino in the Sibirskaya Moneta gaming zone, via Austria, Hungary, Poland, Belarus and the Russian Federation, covering a distance of 6,146 km. Thanks to many years of cooperation, despite the pandemic and the impossibility of traveling, a sales contract was concluded with…

Russia- Local demand in Russia sees Tigre de Cristal recover quickly

With revenues generated in the Philippines and Vietnam restricted by international travel restrictions, it was left to Tigre de Cristal in Russiato prop up the results of SunCity Holdings. The Russian casino generated a positive Adjusted EBITDA of HK$17.2m in the 1H 2021, versus a negative Adjusted EBITDA of HK$22.1m in the 1H 2020. Net…

Bill could present a stark choice for online operators in Russia

Ilya Machavariani, Senior Partner and CEO of the 4H Agency, discusses the issues facing operators accepting Russian players without a Russian licence as the government seeks to make this a ‘black’ or ‘white’ issue. On April 22, 2021, in the First Reading, members of the Russian State Duma adopted the bill (No. 1133991- 7) amending…

Russia – Betegy partners with Parimatch for innovative European Championship portal project

Betegy, a leading sports data and automated content generation system, has added yet another innovative creation to Parimatch’s arsenal with the launch of inside.parimatch.ru ahead of this summer’s European Championship. With the biggest footballing event of the year kicking off, the new innovative service will generate statistics on bets placed throughout the summer football tournament,…

Russia – Government recoups investment in Primorsky through gaming tax

Russia’s Primorsky Territory has already recouped the money it invested to help get its gaming zone up and running. Konstantin Shestakov, Deputy Prime Minister of Primorsky Territory highlighted that the level of gaming taxation paid by the two existing casinos, Tigre de Cristal and Shambala, have already paid back the US$25.5m the local government spent…