Russia

The Russian government looking to block access to cryptocurrency exchanges in the country, describing them as “dubious instruments for retail investors,” Russian media reports.

Preparations for the creation of the Crimean gambling zone have been completed, according to the Crimean minister of economic development.

The auction for casino plots in Primorye failed to take place last week, due to a lack of applications.

The Russian gambling zone of Primorye, which has not been developing as fast as anticipated, is stepping up its efforts to attract more investors as part of an ambitious plan to almost treble visitor numbers by 2025.

Shambala CEO Maxim Smolentsev on Tuesday presented plans for a gambling facility in Primorye during a meeting headed by regional Vice Governor Yevgeny Polyansky, according to state news agency RIA Novosti.

The project was reportedly approved by Polyansky and other officials.

According to the investor, the project was developed by international architectural firm AEDAS, which is behind gambling venues including The Venetian Macao and Marina Bay Sands in Singapore.

Infrastructure work has finally kicked off at Russian gambling zone, Siberian Coin, with the head of the Siberian interregional grid company announcing the construction of an electrical substation.

Craig Ballantyne, chief operating officer of Summit Ascent Holdings is resigning from his current position to take on a new role at Melco International Development Ltd.

Russian media watchdog Roskomnadzor is demanding all Russian search engines to delist and deny access to gaming operators deemed as ‘blacklisted’, SBC News reports.

Summit Ascent Holdings, operator of the Tigre de Cristal in Vladivostok, saw revenues increase 20 percent in the first half of 2017, attributed mainly to an influx of VIP revenue in the period.

The Primorsky Krai Development Corporation has extended the deadline for receiving applications for the auction of land meant for casino development in Primorye.

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