{"id":2707,"date":"2020-01-23T12:59:02","date_gmt":"2020-01-23T12:59:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=2707"},"modified":"2026-04-24T08:37:29","modified_gmt":"2026-04-24T11:37:29","slug":"crimea-casino-developments-russia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crimea-casino-developments-russia","title":{"rendered":"Crimea casino plans on hold in Russia"},"content":{"rendered":"\n<p>Russia has announced it has stopped its Crimea casino plans as President Vladimir Putin assured he has other priorities rather than the industry.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Russia.- Even as the gaming market can be a major revenue generator, it seems that Russian authorities just don\u2019t care. According to recent reports, they are not that eager to get that cash flow into state coffers in the short term.<\/p>\n\n\n\n<p>The Crimea casino plans have been around for a while, but seemed to have hit a stop. Russian President Vladimir Putin says the government has other priorities and put the project on hold.<\/p>\n\n\n\n<p><strong>Original plans<\/strong><\/p>\n\n\n\n<p>The area would be developed on the southern coast and would mean a more than \u20ac43 million investment.&nbsp;<\/p>\n\n\n\n<p>A leading local investment company will push the project, and director Denis Kozorez highlighted the development. He assures the new Crimea gambling zone would create over 250 jobs and has planned tax deductions worth \u20ac21 million.<\/p>\n\n\n\n<p>The project\u2019s construction would begin this year and be completed by 2023.<\/p>\n\n\n\n<p><strong>Primorye<\/strong><\/p>\n\n\n\n<p>Primorye has emerged in recent years as one of the gambling zones in Europe. Thus, the local government has been pushing for the development of more facilities, and will likely feature at least 11 casinos by 2023. Vice Governor Konstantin Shestakov has\u00a0<a href=\"https:\/\/focusgn.com\/primorye-casinos-2023\"><em><strong>revealed<\/strong><\/em><\/a>\u00a0that by 2023, Primorye will have at least 11 casinos, and the investment will rise to US$1.2 billion. By the end of 2020, at least three casinos will be functional.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia has announced it has stopped its Crimea casino plans as President Vladimir Putin assured he has other priorities rather than the industry.<\/p>\n","protected":false},"author":2,"featured_media":2709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Russia has halted its Crimea casino development plans, citing other governmental priorities, despite the potential for significant revenue generation and investment. Concurrently, the Primorye region is accelerating its gaming zone expansion, projecting 11 casinos and US$1.2 billion in investment by 2023.","focusai_entities":"Vladimir Putin, Denis Kozorez, Konstantin Shestakov","focusai_location":"Russia, Crimea, Primorye","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Russian GGR?","query":"What is the projected impact of the halted Crimea project and accelerated Primorye development on Russia's overall Gross Gaming Revenue (GGR) forecasts for the next five years?"},{"label":"Primorye Investment Strategy?","query":"How will the US$1.2 billion investment in Primorye be allocated across gaming verticals, and what governance frameworks are being established to ensure regulatory compliance and investor confidence?"}],"footnotes":""},"categories":[28,16331,158],"tags":[29,2255],"class_list":["post-2707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-elsewhere-news","category-slider-home","tag-casino","tag-russia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2707"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2707\/revisions"}],"predecessor-version":[{"id":21876,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2707\/revisions\/21876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2709"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}