Authorities are considering the approval of a sixth casino city in the country.
Russia.- Another gaming zone may be legislated in Russia, as local media revealed. The sixth casino city would be located in the seaport of Republic of Dagestan and would host two major gaming resorts, tourism attractions and sports betting shops. Currently, five gaming cities operate in Russia: Primorye Territory, Altay Territory, Crimea, Sochi, Krasnodar Territory and Kaliningrad Region.
Although Dagestan was never proposed as potential gaming hub, the Russian zone has been seemingly chosen by Senator Suleiman Kerimov. The official is also a renowned businessman, named by Forbes as one of the biggest billionaires of the country, who has alleged interests in developing the seaport.
His company Nafta Moscow may be planning to install two casinos and a yacht club in Dagestan with the association with a Turkish architect firm. The newspaper Asian Gaming Brief revealed that the project has been confirmed by an anonymous source close to Dagestan.
It is estimated that Russia’s sixth casino and gaming zone would require an initial inversion of US$100 million. Furthermore, the authorities would have to set an updated casino regulation in order to legalise the new territory for gaming development.