Casino Gambling In Crimea Takes Another StepPresident Vladimir Putin Has Submitted A Draft Law |
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Despite political tensions still persisting, Russia’s President Vladimir Putin has submitted a draft law to create a gambling zone in Crimea, RT reported. If completed, Crimea would be the fifth gambling zone in the Russian Federation.
According to the report: "Under current Russia law, casinos are only allowed in four regions of Russia—Krasnodar, Kaliningrad, Altay, and Primorsky Krai, and not allowed in larger Russian cities.
However, finding investors for the projects proved difficult, and only one city has opened casinos—Azov City, a coastal area east of Crimea. The other areas haven’t attracted investors yet. In 2009, casinos across Russia, mostly in Moscow, were shut down to curb a serious increase in gambling addiction.”
According to Bloomberg, Russia’s ministers of economy, finance and regional development are looking to make Crimea less dependent on government funds. The region would then be given tax breaks to encourage foreign and local casino operators to put down roots.
According to the BBC, the Kremlin has declared the Ukrainian territory part of Russia, despite a lack of international recognition and opposition from the United States.
Crimea was part of Russia until 1954.
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