It is important that we have an overview of the recent events occurring in Russia. There is a law to be implemented in 2009. The law passed by the government states that every gambling outside the four zones would be banned. These four zones are designated by the law. It also outlaws online gambling and gives new requirements for gambling operators. The assets of a gambling company must not be less than 22.4 million dollars and if ever the business meets the requirements it is allowed to operate outside the four zones until January 2009. Lastly, the business owner must be Russian. According to playsportal.net Internet gambling and sportsbetting website, this is how the Russian government controls business establishments in their country. It is more of imposing its control rather than regulating it. Foreign companies will definitely not survive a one sided form of government. The government really has the interests of its own people when they made such a law. However, it defeats the purpose of competition which fosters new and innovative ways in improving services. If there is a monopoly going on it will result in high prices and moderate service. Being a socialist country Russia still has a lot to learn from its foreign counterparts. For their economy to improve and achieve its potential it must encourage foreign competitors. Foreign companies should not be considered merely as competitors but also a vehicle for more investments to come. Gambling in Russia still has potential as long as the government is willing to accept foreign companies which provide advance technologies. One of which is using the internet as a source of easy access to online gambling. I just hope that someday their government would be more lenient on their policies.

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