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Russia legalises two gambling zones


Russia legalises two gambling zones

Russia has created two new gambling zones Sochi and Crimea. 

The decision was recently announced by the country's Deputy Prime Minister, Dmitry Kozak, and will see the two locations host major casinos. 

One interesting clause noted in the recent legislation is that the sites in Sochi must be "established in Olympic facilities that were bankrolled by private investors."

Such a stipulation may have been in place before the 2014 Winter Olympics which could mean that investors were already planning a casino venture when they applied to fund part of the sporting event.
 
However, regardless of this clause, the plans have been confirmed and the subsequent surge in revenue across both gambling zones is expected to boost the two local economies by more than $1 billion each year.

 

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