In late October, the Russian government’s official online legal portal posted an order signed by prime minister Dmitry Medvedev confirming the ‘liquidation’ of the Azov-City gaming zone, situated in the southwest Krasnodar region, at the end of December.
The originally government announced its plans to close Azov City’s three casinos back in 2015, in order to facilitate the development of the nearby Krasnaya Polyana gambling zone, following the success of the 2014 Winter Olympics in Sochi.
CJSC Shambala and Royal Time Group have invested some RUB6bn ($88.8m) in the Azov City zone. However, while a draft bill which would require the government to compensate casino owners if a gaming zone should be liquidated was submitted to the Duma this July, Azov City was specifically exempted from the legislation.
Meanwhile, it has recently been announced that the Krasnaya Polyana zone will welcome a new casino early in the new year.
Media reports cited a recent statement by Dmitry Anfinogenov, deputy general manager of Casino Sochi in the Gorky Gorod ski resort, that he plans to open a casino, dubbed Boomerang, in the adjacent Rosa Khutor resort on 4 January 2019.