Gaming industry news digest April 15-21

The State Duma plans to increase deductions from bookmakers and fight matchmaking, one politician proposes a tax on the treatment of cheating, as well as a number of legal bookmakers have published their financial statements for the year 2022. Read about all this in the April 15-21 digest.

One proposal suggests that leagues and sports federations would be allowed to request data on bets that athletes make through the regulator. This would help identify match-fixing. Another bill seeks to increase deductions for mass and youth sports. The deductions will gradually increase from 1.5 percent this year and next year to 2 percent by 2030.

Ludomania is a gambling addiction that can lead to loss of property and disruption of a person’s life. According to the initiator Artem Metelev, betting organizers should be responsible for their clients and pay additional tax for prevention and treatment of addiction. He notes that betting helps to create interest in sports, but it is necessary to treat the industry with care and not to allow the destruction of families and lives.

The amount reached 52.4 million rubles. Recall that the ERAI is not engaged in commercial activities and does not make a profit. In its accounts, the company records only the amounts of interest received from deposits, as well as membership fees and royalties received by the regulator from the BC in 2022, which are distributed among the sports federations and professional sports leagues. In 2022, the ERAI also received payment of membership fees, which amounted to 600 million rubles, another regulator received targeted funding of 223.4 million rubles.

Its revenues also rose to 23.7 billion rubles, an increase of 34.9%. At the same time, at the beginning of 2023, the company suspended the acceptance of deposits, but it is not noted in the report. One of the risks mentioned is changes in currency exchange rates. Despite the lack of data on the exact amounts of accepted bets and paid out winnings, we can assume that the volume of deposits for last year – 89.8 billion Russian rubles, and paid out winnings – 74.4 billion rubles. Risks of the company’s activity are indicated as low and medium.

At the same time there is an increase in revenue by 11.3%. The operator’s financial report, published on the state accounting resource, shows that the annual revenue was 13.6 billion rubles, but the profit fell to 513.8 million rubles, while a year earlier it was at 1.4 billion rubles. More than 13 billion rubles were deposited in the company’s accounts due to the acceptance of bets, while payments increased by 18.5%, reaching 12.2 billion rubles. Moreover, the bookmaker spent more than Br169 million on advertising, paid taxes and commissions for a total of Br107.7 million. ComThe company has several major creditors, including Mobile Card, Derzhava, Olympic Technologies and Soft Island LLC.

Karine Yazichyan became the new sole owner of Ansa Group. Consequently, Karine Yazychyan became one of the two final beneficiaries of BetBoom, the other being Marina Danilova. Previously, the final beneficiary of BetBoom was Arman Hovsepyan, the former owner of Ansa Group.

Karine Yazichyan is the director and founder of Phantom-1, a food and tobacco retailer.

Earlier it was reported that BetBoom’s revenue and net profit for 2022 were 59.1 billion and 2 billion rubles, respectively.

The data on how the financial indicators changed was published by Leon LLC legal entity on the State Information Resource for Financial Statements. Compared with the previous year, the company’s revenue increased by 10% to 8.2 billion rubles. The company’s net profit in 2022 decreased by 99.8%, amounting to just 1.11 million rubles. Also there were published other financial indicators of the company including management expenses, cost of sales, labor remuneration, betting revenue, target deductions, winnings payments, settlement and cash services and gambling tax. Leon LLC itself belongs to Kontora LLC, whose founders include the president of the self-regulatory association of bookmakers, Irina Budyanskaya.

The statement of claim was registered by the Arbitration Court of Moscow on 19 April. Presumably, the claim is related to the measure of disciplinary action which the ERAI applied in February against 1xStavka, limiting its connection to the regulator’s information system. The bookmaker’s office also has judicial claims against the operator of the Unified Centralized Automated Public Accounts, NPO Mobile Card. In January this year, 1xStavka suspended replenishment of gaming accounts and a little later stopped the possibility of registration for new customers. Other details on the case in question are not reported.

This is an 18.2% increase from a year ago. During the reporting period, the company’s profit amounted to 4.1 billion rubles, an increase of 69.7% compared to 2021. The balance of debts to debtors at the end of the reporting year amounted to 341.7 million rubles. Manufacturing and selling expenses took 16.8 billion rubles, management expenses – 2.2 billion rubles, profit taxation – 73.5 million rubles, and salaries for the staff – 4.3 million rubles.

About this witnessThe financial performance report, published on a public public resource, is a good example of this. The revenues increased by 19.5%, reaching 2.97 billion rubles, and the gross profit dropped slightly – to 159.8 million rubles. But there was also a noticeable drop in net profit by more than 50%, to 67.2 million rubles. The amount of financial receipts from current operations amounted to more than 3 billion rubles. Payments of earmarked contributions and contributions to the Bookmakers’ Self-Regulatory Organization increased and the advertising expenses were reduced to 31.9 million rubles. At the end of the year there were 184 people on the staff of OOO Rus-Telektot. It is also noted that the sanctions and financial restrictions of the sector do not have a significant impact on the company’s operations, but they bring negative consequences in general.

Atlantic-M LLC, which was the legal entity of this office for the first 3.5 months of the year, published its financial statements on the official resource for financial statements. Despite the fact that Bettery officially stopped accepting bets last April, Atlantic-M LLC earned 164.7 million rubles for 2022, which is 70.3% less than for 2021. In addition, Atlantic-M LLC incurred a net loss of 190.9 million rubles for the reporting period. Management expenses amounted to 31.1 million rubles, profit tax – 19.4 million rubles, payroll – 18.5 million rubles, and the cost of sales – 194.6 million rubles. Atlantik-M no longer conducts betting business from April 2022 and has two founders, a Cypriot company and Mikhail Maslov.

According to the data published in the public domain, the bookmaker’s revenue for the year increased by 3.4% – to 71.5 billion rubles, while gross profit increased by 17.7% – to 13.28 billion rubles. And if the profit in 2021 amounted to 1.17 billion rubles, in 2022, the bookmaker suffered a loss of 501.3 million rubles, which is a decrease of 142.7%.

The major part of expenses was covered by payments for materials, works and services – 13,79 billion rubles, payments for betting – 52,9 billion rubles, as well as for advertising, which cost 6,4 billion rubles. In addition, League of Betting spent Br103.9 million on charity, while another Br1.07 billion went to sports development. The average salary for the year amounted to 167 thousand rubles, and the average number of employees at the end of 2022 was 1,445 people.

The reports also indicate that the company’s operations were significantly affected by economic and other factors, such as politicalThe pandemic is not only a pandemic, but also a pandemic, as well as sanctions and other problems. But despite this, there was no loss of asset prices or liabilities.

The company reached a mark of 143.8 million rubles, which is more than three times higher than in the previous reporting period. The company also recorded a 7.2% increase in revenues to 1.96 billion rubles and an increase in gross profit by almost a quarter to 1.29 billion rubles. The total proceeds from the current operations amounted to 1.98 billion rubles, including payments for materials, works, services, salaries and other expenses. The company had 1,185 employees at the end of 2022. It is important to note that the sanctions and restrictions imposed on Russia by some foreign countries did not affect the activities of Sportbet in 2022.

This is stated in the financial statements of Bet-M, formerly known as Sportradar. In August 2022, Astrabet closed for technical work and until the end of December gave its customers the opportunity to withdraw their funds. An explanatory note notes that the company has no plans to discontinue its betting activities and will continue to engage in gambling, earning profits from these activities. The company has also outlined its plans for the next year which include the resumption of interactive betting, the planned quarterly revenue growth of 30% and the negotiations with the creditors to increase the term of the loan repayment. The company’s income during the reporting period amounted to 591.7 million rubles, which shows a more than tenfold growth compared to the previous year, while betting accounted for 546.7 million, and the rest was earned on leasing real estate. Astrabet has also already received a billion rubles loan from the legal entity BK Melbet.

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