Operators upbeat on Russia despite regulatory uncertainty

 Potential investors say they remain upbeat about the prospects for Russia’s gaming zones, despite continuing regulatory uncertainty and the unpredictability of the government, which abruptly announced the shutdown of the Azov area earlier this year. Russian Gaming Week, held in Moscow from June 3-4, attracted about 4,000 attendees, including senior executives from firms such as BetConstruct and First Gambling Company of the East, bookmakers and representatives of CIS-based casinos and bookmaking offices. The event has been running since 2007 and this year attracted double the number of attendees than prior years. Russia banned gambling in 2009 apart from four specially designated zones: Azov in southern Russia, which to date is the only functioning zone, the Primorye region in Russia’s Far East, Siberian Coin in Altay Kray and the Amber in Kaliningrad Region. Last year, Russian President Vladimir Putin also signed a bill on the creation of two more zones in Sochi...

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