search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Reports RUSSIA - MARKET UPDATE


Another operator, Vulcanbet, also announced its withdrawal from the market at the beginning of this year citing the new gambling regulation as the cause and saying it wanted to focus on markets with “more loyal conditions for the betting business,” whilst 23bt.ru voluntarily surrendered its licence in early 2021. Vulcanbet began to accept bets in Russia in June 2019.


Dmitry said: “We collated the cost of operations in Russia to estimate the costs to operate in the legal online market. Te spend is around €3m a year. Tis is one of the biggest taxes in Europe. In Greece we have €1.25m, in Russia we have €3m. Tis is taxes, contributions and warranties. You are spending €3m a year and it means all of the small players are closing down. So the minimum GGR is around €1m per month to at least break even without the big marketing expense.


“I think less than 10 companies make that right now, because the price for advertising is also very high in Russia and because of some regulations you cannot advertise everywhere, not on TV for example. Tere are a lot of restrictions, which means that we can’t use the networks at all because of the regulation and there are restrictions on the players on the market.”


Advertising is permitted to licensed operators, but there are a range of restrictions to protect minors. TV advertising is allowed from 10pm until 7am, in gaming establishments or via designated print media. Sports betting advertising is allowed during sports broadcasts if it constitutes no more than 20 per cent of all advertising during a broadcast. Some online advertising is permitted across online sports media sites.


Another operator, Vulcanbet, also announced its withdrawal from the market at the beginning of this year citing the new gambling regulation as the cause and saying it wanted to focus on markets with “more loyal conditions for the betting business,” whilst 23bt.ru voluntarily surrendered its licence in early 2021. Vulcanbet began to accept bets in Russia in June 2019.


P62 WIRE / PULSE / INSIGHT / REPORTS


Not everyone is deserting the sinking ship. Bet365 recently started operations in Russia with an office managed by Golden Bet LLC, which is part of the SRO BK association. Golden Bet was registered and licensed for bookmaking in Russia in 2018 and is owned by Onyxion BV (Curacao) and Bet365.ru launched in mid- March. Te founders of Golden Bet are also the founders of Star Bet LLC which owns the BingoBoom trademark.


Te company was ready to launch in Russia back in 2019 but this was delayed until 2020 when the pandemic railroaded any new company launches at that time.


EveryMatrix also entered the Russian market in January with 888.ru. EveryMatrix will supply the bookmaker with a turnkey platform and full suite of products adapted to comply with Russian legislation. More than 100,000 users were migrated to the new platform as part of the launch.


Ebbe Groes, Group CEO of EveryMatrix, commented at the launch: “Te 888.ru collaboration is the first major deal for this new version of our sportsbook and we will be investing heavily into making 888.ru a leading brand in the promising regulated Russian market. We see many more business opportunities for our partnership in the future.”


A survey conducted by SimilarWeb analytics in the US named the most visited bookmaker sites in Russia as FlashScore (15.13 million users in February 2021), followed by Fonbet (7.31 million users) and BC Winline with just over four million users that same month.


In January 2021, the top three bookmakers were


Fonbet, Winline and Betcity, whilst traffic to legal bookmaking sites saw a total of 31.02 million visitors in January 2021.


Fonbet was founded in 1994 and launched the site for online betting in 1998. In 2009, it received its licence in Russia.


A study by bookmaker-ratings.ru indicated 7.9 million people made at least one bet on sports in the year 2019 and 3.4 million made bets regularly (at least once a week).


A chart compiled by Dmitry Sergeev at Parimatch shows the online deposits and offline bets of the


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118