Sunday, December 21, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Download APP
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

19th Century Portraits

History of St. Petersburg Museum: Rumyantsev Mansion

 

Перевести на русский Перевести на русский

Sochi and Crimea Pegged as Future Gambling Zones

Published: July 5, 2014 (Issue # 1818)



  • Analysts suggest Crimea's budget could get a 25 billion ruble ($725 million) boost annually by establishing a gambling zone.
    Photo: Yevgeni Razumny / Vedomosti

The State Duma passed a new law Friday bringing Crimea and, in a surprise move, post-Olympic resort town Sochi into the select group of Russian regions and territories that are allowed to establish gambling zones.

"The creation of a gambling zone in the Republic of Crimea will help attract additional investment in the region, create new jobs and replenish the revenue base of the regional budget," said Anatoly Karpov, first deputy chairman of the Duma's Economic Policy, Innovation Development and Entrepreneurship Committee, ITAR-Tass reported.

The Russian government essentially outlawed gambling in 2009, restricting it to four designated zones throughout Russia, but only one, the Azov-City gambling complex on the border of the Krasnodar and Rostov regions, has taken brought its special privilege to fruition. Similar zones in the Kaliningrad region, Primorye region and the republic of Altai are still under construction five years on.

In a surprise move, legislators inserted a clause into the bill during its second reading that allows for the creation of gambling facilities in Sochi, the venue for the Winter Olympic Games earlier this year. The bill stipulates, however, that gambling venues can only be established in Olympic facilities that were bank-rolled by private investors.

Proposals to turn Sochi into a Russian Las Vegas were floated by Sberbank chief German Gref this past winter at a meeting with Prime Minister Dmitry Medvedev, but Medvedev at the time did not support the initiative, Vedomosti reported, citing individuals present at the meeting.

While the government has placed restrictions on where gambling zones can be established in Sochi, the bill gives Crimean authorities full jurisdiction over defining the location and boundaries of gambling areas.

Analysts suggest Crimea's budget could get a 25 billion ruble ($725 million) boost annually by establishing a gambling zone, Itar-Tass quoted Karpov as saying.

"You can expect an increase in the flow of tourists to the region, the development of the hotel business and food service," Karpov said.





 


ALL ABOUT TOWN

Sunday, Dec. 21


The Zenit St. Petersburg basketball team returns to the northern capital this evening for a matchup with Krasny Oktyabr, a Volgograd-based basketball club. Tickets for the game, which tips off at 6 p.m. this evening, can be purchased on the club’s website or at their arena, Sibur Arena, on Krestovsky island.


Satisfy your sugar cravings during Sweet New Year, an ongoing seasonal festival at the Raduga shopping center. Each weekend of December will welcome hungry visitors to taste hundreds of different kinds of desserts. Workshops are open to visitors and seasonal gifts can also be purchased for those rushing to finish their New Year shopping.



Monday, Dec. 22


Pick out the latest fashions as holiday gifts for loved ones or as early presents for yourself during the Christmas Design Sale at Kraft on Obvodny Kanal, starting on Dec. 20 and continuing through Dec. 27. Designer clothes will be on sale every day of the week or you can buy something more festive to decorate the home while sipping on hot coffee and perusing the various master classes.



Tuesday, Dec. 23


Meet Arctic explorers Fedor Konukhov and Viktor Simonov during SPIBA’s and Capital Legal Service’s event “Arctic Expedition” this morning in the Mertens House business center at 21 Nevsky Prospekt. The meeting will discuss the explorers’ ongoing eco-social project and how companies can use the project as a unique marketing opportunity. Email office@spiba.ru by Dec. 22 if you wish to attend.



Wednesday, Dec. 24


The Anglican Church of St. Petersburg we will be holding a Christmas Eve service at 7 p.m. led by Rev Wm. Shepley Curtis of the Episcopal Church. The service will be held at the Swedish Church at 1/3 Malaya Konyushennaya Ulitsa.



To have your event included in All About Town, email tot@sptimes.ru



Times Talk