26 Dec
In News
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Russia on the verge of criminalizing online poker

The possibility of Russian market opening up to international players appears very slim. The lower house of the country, this month, passed a bill preventing citizens from playing online poker outside of Russia's 4 selected areas. 
The bill will now move to the upper house, and if it gets the nod of approval, will see violators get huge fines along with jail time.
However, earlier in 2014, Russian legislators hinted at opening avenues to foreign operators, as they felt opportunities to generate revenues by letting the online gambling industry flourish. But since then, the government has taken a U-turn.
If the new bill is passed and it becomes a law, playing online poker within Russian borders would be deemed as a criminal offense, with exception of 4 designated areas. 
Defaulters could face a fine up to 500,000 ruble or 2-year imprisonment. Illegal online gambling operators will also face fines of millions of rubles, and 7-year jail term.
The new proposed laws have been termed as draconian by industry experts. However, it remains to be seen how and when these gambling laws will be implemented by the Russian state and what is the reaction of poker players in the country.

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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