At one time there were over 1,000 casinos in Russia but they were all outlawed in order for the government to gain control over casino revenues. Several gambling zones were created and World Casino News offers intensive coverage from Sochi to the Primorsky Krai and beyond as these European and Asian gambling meccas develop and try to find their footings amongst fierce international competition. While the Siberian gambling zone near Vladivostok has not met expectations yet, you will find some big names there such as NagaCorp investing big money in its success.
We also cover the more controversial zones such as the one established in Crimea after the military's annexation of the region. Readers here can stay up to date on any new zones being considered or created as well as casino proposals and openings.
Just a few weeks ago, reports had surfaced that Summit Ascent Holdings Ltd and SJM Holdings Limited may be interested in becoming involved in the Crimean gaming zone. Both Stanley Ho and his son Lawrence were r...
With billions of dollars already invested in infrastructure and facilities for the Sochi 2014 Winter Olympics, Russia is moving ahead with plans to populate another gambling zone, this one in the Krasnodar regi...
Stanley Ho-controlled SJM Holdings Limited (HKG:0880) and Summit Ascent Holdings Ltd (HKG:0102), controlled by son Lawrence, may be looking to add the Crimean gaming zone to their substantial investment portfol...
Russian Gaming Week Sochi is an international forum for representatives of gambling businesses and related industries. It will be held on the Sochi coast of Russia on October 27, 2016. Organizers continue to re...
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...
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...
Reports have surfaced that the first casino to be located in Sochi will be opening within a two year time frame. The Gorky Gorod resort will be based in Sochi and according to Yuga.ru, spokesperson Elena Zakhar...
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 ...
The city of Sochi is set to create a new gambling zone after Dmitry Medvedev, the Russian Prime Minister, gave the go-ahead. TASS, a Russian news agency, is reporting that on the 10th of August, a resolution wa...
In Russia, the Ministry Of Finance has begun amending laws governing the local securities market with the aim of stamping out activities that could be considered as illegal gambling.
According to a report fr...
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...
The ownership behind Altai Palace Casino in central Russia has changed hands with former majority shareholder Vladimir Zhuravkov selling his 70% stake to local oil and gas entrepreneur Vladimir Kutyev.
Accor...
Fonbet, the biggest online betting company operating in Eastern Europe, recently announced that it had signed a partnership agreement with the European Sports Security Association (ESSA). Fonbet which is also t...
Russia will soon have one more zone in which it will be legal to gamble after officials in the disputed region of Crimea reportedly approved the boundaries of a new casino-friendly area.
According to a repor...
In spite of the Putin government ordering casino operators in the entire Azov City gaming zone to close shop by January 1, 2019, Merkur Gaming (GmbH), a Lübbecke, Germany -based company that designs and manufac...