Russia | World Casino News

Report; taxes on slot machines and betting shops to double in the Russian Federation

September 26, 2016

Latest Casino and Gambling News, Russia, Russia, Taxation

The tax for slot machines and betting shops in the Russian Federation will be doubled by the Russian Finance Ministry, according to an Asia Gaming Brief report. The news agency reports that Deputy Finance Mi...

RGW Sochi will be supported by Sochi City Administration

Lars Jones

September 22, 2016

Conferences / Trade Shows, Latest Casino and Gambling News, Russia, Russia

September 22, 2016 - Sochi, Russia On October 27, 2016, the resort city of Sochi will host the gambling event dedicated to the establishment of the gambling zone in Gorki Gorod – Russian Gambling Week - Soch...

Tigre De Cristal principal posts six-month profit

Adam Morgan

September 2, 2016

Economy/Finance, Latest Casino and Gambling News, Russia

The company behind the Tigre De Cristal casino resort in Russia’s Primorsky Krai region, Summit Ascent Holdings Limited, has released its consolidated financial results for the six months to the end of June sho...

Olympic Village part of Sochi gambling zone, Crimea construction to begin 2017

Lars Jones

August 26, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Russia, Russia

Krasnaya Polyana (Красная Поляна) will be the name of the newly minted Russian gambling zone to replace doomed Azov City, according to media reports coming out of the former Soviet state. The "Gorky Gorod" ski ...

Tigre De Cristal owner agrees partnership with South Korean casino operator

Adam Morgan

August 15, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Russia

The company behind the Tigre De Cristal casino resort in Russia’s Primorsky Krai region, Summit Ascent Holdings Limited, has reportedly signed a non-binding memorandum of understanding with Kangwon Land Incorpo...

Royal Time Group loses court claim for compensation in the liquidation of Azov City

Lars Jones

August 11, 2016

Casino News, Fines, Lawsuits & Litigation, Latest Casino and Gambling News, Russia, Russia

Casino investor, Royal Time Group recently lost a court case seeking compensation for investments in the Azov City gaming area of Russia's Krasnodar region. The area was designated as a Gambling Zone in 2009. R...

Azov-City gaming zone to stay active till 2019

Alex Lanter

May 5, 2016

Casino closures, Gaming Law & Legislation, Latest Casino and Gambling News, Russia, Russia

Trying to boost business in the $42 billion investment in Sochi, Russian authorities have already announced shutting down casinos in the Azov-City gaming zone. However, the president Vladimir Putin has decided ...

Sun to shine on Tigre de Cristal after first winter in Siberia

Lars Jones

April 30, 2016

Economy/Finance, Latest Casino and Gambling News, Russia, Russia

Things are looking up for Lawrence Ho's Tigre de Cristal casino near Vladivostok, Russia. Mr. Ho's Summit Ascent Holdings held a soft launch for the first of many casinos to come in the Primorye Integrated Ente...

Russian Gaming Week 10th Anniversary exhibition and conference June 2, 3 Moscow

Lars Jones

April 27, 2016

Conferences / Trade Shows, Latest Casino and Gambling News, Russia, Russia

Russian Gaming Week (RGW) is set to bring all sectors of the burgeoning CIS casino industry together in one place when the Tenth Annual RGW is held at the Sokolniki Exhibition and Convention Center in Moscow on...

Lawrence Ho owned unit gains board control at Tigre de Cristal Casino

Alex Lanter

April 19, 2016

Casino News, Latest Casino and Gambling News, Russia, Russia

Lawrence Ho Yau Lung has gained the majority of the directors on the board of Tigre de Cristal operator Oriental Regent Ltd via its fully owned entity Summit Ascent Russia Ltd. Moreover, in a filing to the Hong...

Russia’s Yantarnaya gaming zone’s Magic Crystal opening date set

K Morrison

April 18, 2016

Casino project updates, Latest Casino and Gambling News, Russia, Russia

NewKaliningrad.ru reports the scheduled opening of the Yantarnaya gaming zone’s first gaming facility, situated in the westernmost region of Kaliningrad, a seaport city located between Poland and Lithuania alon...

Primorye Selena World announces details of three separate casino resorts

Lars Jones

March 4, 2016

Casino News, Casino project updates, Latest Casino and Gambling News, New Hotels, Russia, Russia

As reported in September, the Selena World Resort under development in the Primorye Integrated Entertainment Zone (PIEZ) near Vladivostok, Russia will be comprised of three separate phases of development, each ...

Casinos in Russia’s Azov-city might remain open 3 more years

Lars Jones

February 29, 2016

Casino closures, Gaming Law & Legislation, Latest Casino and Gambling News, Russia, Russia

There were once over 30,000 legal and illegal casinos operating in Russia, with as many as 4,000 of them being sanctioned. In 2007 special gambling zones were created, mostly away from population centers, and i...

Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

Lars Jones

December 31, 2015

Casino News, Casino project updates, China, Economy/Finance, Latest Casino and Gambling News, New Hotels, Russia, Russia

In spite of several unavoidable delays, Tigre de Cristal Casino opened its doors on October 8, 2015 and is operating smoothly with landmark business in Russia's Far East. The Lawrence Ho creation (son of Maca...

Russia’s gambling zones offering low casino tax rate, relaxed visa rules to attract investors and gamblers

Renee Kingsley

December 4, 2015

Asian Casino News, Casino expansion projects, Casino openings, Macau, Russia, Singapore, South Korea

Russia banned casinos in 2009 but has authorized five special integrated gambling zones since then, the last being Sochi (pictured) the mostly abandoned site of the 2014 Winter Olympics. The first of these zone...