The host city of the 2014 winter Olympic games is going to welcome many gamblers. Indeed, Prime Minster Dmitry Medvedev officially authorized casinos thanks to a resolution signed the 10th of August 2016.
In 2014, just after the end of the Olympics, the Russian authorities created a law aiming to transform the Olympic facilities in a gambling zone.
The goal is to increase tourism in the region and most of all, to refund the $50 billion spent for the event.
According to g3newswire.com, the zone will be named Krasnaya Polyana and will have a surface of 165,000 square feet. The casinos and resorts will be located on lands that were supposed to be used as Olympic facilities. But, because of a lack of investments, those places were never used.
The Sberbank group, which has invested over $42 milliards in Sochi, has strongly supported the creation of the gambling zone.
After a statement of Russian President Vladimir Putin, it will replace the zone of Ozov City, which will be closed the 31st of December 2018.
Moreover, Sochi will be added to the other official gambling zone of the country: Altay’s Siberian Coin, Yantarnaya and Primorye.
By the way, Primorye recently opened and hopes to attract many visitors coming from China, South Korea and Japan.
Let’s see now if Russia can be the next gaming Eldorado!