Russia

Russia’s State Duma, the lower chamber of the Russian parliament, has passed a bill that requires bookmakers to pay 5 percent of their proceeds every quarter towards the development of sports.

Russia’s southern and western gaming zones have seen a flurry of activity over the past few months, while reports have emerged of new areas being considered for casino investment.

Hong Kong-listed NagaCorp said its IR project in Vladivostok, Russia, remains “broadly on schedule for operation by 2019.”

Russian Prime Minister Dmitry Medvedev has spoken against the creation of a gambling zone in the Russian resort town of Kislovodsk, which was previously proposed by Stavropol Territory governor Vladimir Vladimirov

A major Russian company is gearing up to invest around RUB 8 billion (US$137 million) in the Crimea gambling zone, according to comments from the peninsula's head Sergei Aksenov at the Sochi Forum.

Hong Kong-listed NagaCorp is set to open its new Primorye integrated resort in 2018, according to the director Primorsky Region’s Development Corporation.

Russia’s southern and western gaming zones have seen a flurry of activity over the past few months, while reports have emerged of new areas being considered for casino investment.

 

Russia’s southern and western gaming zones have seen a flurry of activity over the past few months, while reports have emerged of new areas being considered for casino investment. Moscow designated four zones for casino gambling in 2009 in remote locations on the fringes of the country and outlawed gambling anywhere else. Since then, the zones have been expanded to six to include the Crimea and Sochi, the home of the 2014 Winter Olympics. While one of the original zones -- Azov City -- is expected to be closed down.



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Sobranie - the newest casino in the Yantarnaya gambling zone, held its grand opening over the weekend.

Russia may open a new gambling zone in the Dagestan Republic, which will include two casinos, a yacht club, and several betting shops.

Russia’s eSports market is tipped for strong growth, though the ability of the country’s bookmakers to tap the potential may be held back by cumbersome laws on online gambling and a failure to understand the audience.

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