PM Medvedev signs resolution
Russia green lights Sochi gambling zone
The zone will cover the area set aside for facilities for the 2014 Winter Olympics which were not used after the federal government stopped funding. It is an area of around 165,000sq.m.
2016-08-23
Reading time 29 seg
The zone will cover the area set aside for facilities for the 2014 Winter Olympics which were not used after the federal government stopped funding. It is an area of around 165,000sq.m.
Russia’s Prime Minister Dmitry Medvedev has signed a resolution to create a new gambling zone in the city of Sochi.
Under the law, which was adopted in 2014, Olympic facilities in the region -including the one in the Krasnodar Krai - can be turned to a gambling zone, although the construction must be financed by private investors.
Russia prohibits gambling outside of its designated zones. Currently, the country has four gaming zones: Siberian Coin in Altay, Yantarnaya in the Kaliningrad region, Azov-city in the Rostov region and Primorye near the city of Vladivostok.
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