Sunday, March 26, 2023

Tag: Azov City

Government calls time on Azov City gambling zone

Government, Azov City, gambling zone
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...

Court torpedoes Primorye casino project

Royal Time
A Primorsky Krai court has upheld a decision by the local government to terminate a construction contract with Kazan-based developer, Royal Time Group, for a $215m integrated casino resort in the Primorye Integrated Entertainment Zone. According to Betting Business Russia, the Arbitration Court of Primorsky Territory made the decision on 1 June, while also ordering Royal Time to pay RUB12,000...

Russian casino operator looks to Crimea for new casino project

A Russian casino operator is looking to invest in the Crimean gambling zone but is seeking assurances from the authorities that the new zone will not be unexpectedly closed, as was the case with Azov-City. The operator of two casinos in the Azov-City zone has reportedly declared that he is considering opening a gaming venue in the recently-established Crimea gambling...

The Fisherman, the Fish and the gaming industry

Russia, Azov City, Sochi
Despite the Russian government’s anti-gambling stance, the move from Azov City to Sochi would seem to be a tacit acknowledgement of the casino industry’s potential as a revenue generator, suggests Edward Lowton.   There is a Russian song which goes something like, “in the sea of girls’ smiles, no effort is required to catch something there, but only you are the...