Russian New Online Betting Site Launched

Published Friday, October 27, 2017 -
Russian New Online Betting Site Launched

Russia is a new frontier for the online gambling industry and there are those who see the gap in availability and are trying to fill it with services and gambling products. Last June it was reported that Russian billionaire Alexander Mamut was planning to join with GVC Holdings and bwin GVC’s main sports betting brand to launch an online sports betting platform in the jurisdiction. Mamut reportedly said he will spend up to €10m ($11.2m/£8.6m) per year over the next three years to develop the brand.

Now Bwin is moving ahead with an announcement of a mid November launch in Russia. The platform which has already gone live for preliminary registrations is giving away a shared bonus pot of RUB100m (£1.31m/€1.47m) to all new sign-ups to the site.

The Russian magnate owns the company that was granted a license to operate Digital Betting LLC, and online technology company Rambler & Co. Bwin was the first offshore gambling firm to acquire a license in Russia since the country started to regulate sports betting a few years ago.

A spokesperson for the venture was quoted as saying it as a “highly competitive market” with about ten major Russian bookmakers already offering services and products including Liga Stavok, Fonbet, and 1xstavka. The spokesperson continued to say that Rambler & Co alone had as many as 42 million active monthly users. The spokesperson also said, “Our entry into the Russian market is thought to be a pioneering movement - we are the first foreign brand to operate in the market ever - and will pave the way for the entrance of other major betting sites,” adding, “We understand many players still bet offline due to there being plenty of betting shops. We did a lot of research to prepare for the launch and are ready to meet the expectations of those who believed and continue to believe in us.”








Related news

Return to Latest News