The Kremlin backed news corporation Russia Today has reported that the Russian president Vladimir Putin will seek licensed bookmakers to fund national sporting events under new laws due to be implemented by mid-2016.
Currently Russia has 25 registered bookmakers, but Putin now wants gambling operators to play more of a role in funding sports in preparation for Russia to host the 2018 World Cup.
“Let’s look at the British Premier League, where every second team has a bookmaker as sponsor. The bookmaking business is booming. People spend a lot of money on bets, some of that money could be given to football clubs.”