Casinos in Russia brace for potential tax hike

Russia is reportedly mulling an increase in the gaming device tax paid by casinos in the country, according to brokerage Union Gaming Securities Asia Ltd.

Currently, there is no formal GGR tax in the country, but the Russian government requires casinos to pay a monthly device tax for each table game and slot machine that they have in operation. Licensees in Primorye pay RUB125,000 (USD2,101) per table monthly and RUB7,500 (USD126) per slot machine for one month, according to Union Gaming.

Russian media outlets have reported that the government has drafted an amendment seeking to establish a band of RUB50,000 to RUB250,000 (USD840-USD4,202) per table per month and RUB3,000 to RUB15,000 (USD50.43-USD252.13) for each slot machine.

“There are media reports out today suggesting a potential increase in the gaming device tax paid by casinos in Russia,” Union Gaming analyst Grant Govertsen said in a note. “This is a result of proposed draft amendments to the existing gaming law at a national level.”