International edition
June 20, 2021

The discussion aims to provide a business platform to regional governors

Russian Real Estate Market 2007 event to take place in Moscow

(Russia).- Major market players and governors of the Kaliningrad and Rostov regions, Primorsky and Altai Territorios, will discuss gaming zones budgeting and construction issues at Russian Real Estate Market 2007 - 1st Dealmakers Forum that will take place in Le Meridian Moscow Country Club next November 30 and December 1.

W

ith the adoption of the Federal Law on the State Regulation of activity to organize gaming and on introducing hanges to some legislative acts of the Russian Federation, the gambling business is known to be concentrated, from July 1, 2009, only in four zones.

The four zones are set to be created on the border between Rostov region and Krasnodar Territory, in Primorsky Territory, Kaliningrad region and Altai Territory.

Unprecedented projects have to be launched in these gaming reservations in a short term. Gaming zones now under creation will operate for no less than ten years since their establishment and the Russian Finance Ministry will oversee their activity.

Creation of gaming zones implies huge cash turnovers, with the latter spurring regional authorities to begin offering their territories for the gaming zone location. Analysts observe, however, that the choice of territory for Russia's gaming zones is of the advertising rather than economic nature.

In the opinion of Igor Ballo, President of the Gaming Business Association (ADIB), setting up gaming mega-resorts and, most importantly, their eventual successful operation are an uphill political, public and economic task. It can be accomplished in Russia as well. However, a great many issues need to be tackled in the mid-term perspective to translate this plan into life.

This discussion aims to provide a business platform to regional governors as guarantors of such a capital projects as part of efforts to handle the tasks to present concepts of gaming zones in their regions.

During the discussion session participants will focus on possible risks and ways to minimize them, infrastructure potential and the necessary capacities to build a gaming zone, the required volumes of investments and the guarantees the governmental guarantees for launching the projects.

The forum also will consider potential of the Russian real estate market according to the declared plans for the next few years: hosting the Olympic Games in Sochi (2014), the Asia-Pacific Economic Cooperation (APEC) summit in Vladivostok (2012), the Shanghai Cooperation Organization (SCO) summit in Yekaterinburg (2009).

The forum will run open discussions on the largest urban projects and development of real estate close to airports. A special focus of the forum will be on foreign investors who will present their plans and projects of capital investments in the Russian real estate market. The results of the year will be summed up at the roundtable, where the players will review their development strategies.

For additional information on the event, visit www.rpi-conferences.com.

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