Gambling zones to be established in Crimea and SochiThe State Duma adopted a bill on Friday putting the Republic of Crimea on a list of regions where the establishment of gambling zones is authorized, ITAR TASS reports.The boundaries of the zone will be determined by the executive authorities of Crimea, a former Ukrainian region that reunified with Russia in March.According to expert assessments, the gambling zone could provide up to 25 billion rubles ($726.8 million) to the budget of Crimea annually.Besides, the tourist flow is expected to increase and the hotel business and food service industry to develop. Investment is assessed at $100 million - $1 billion. Some potential investors have already voiced their readiness to inject funds.
The State Duma adopted a bill on Friday putting the Republic of Crimea on a list of regions where the establishment of gambling zones is authorized, ITAR TASS reports.The boundaries of the zone will be determined by the executive authorities of Crimea, a former Ukrainian region that reunified with Russia in March.According to expert assessments, the gambling zone could provide up to 25 billion rubles ($726.8 million) to the budget of Crimea annually.Besides, the tourist flow is expected to increase and the hotel business and food service industry to develop. Investment is assessed at $100 million - $1 billion. Some potential investors have already voiced their readiness to inject funds.
