Crimea gambling zone to launch by 2023

The Investment Council of Crimea supported the gambling zone to launch on the southern coast with a more than €43 million investment.

Russia.- Russia seems to be expanding its entertainment options and may soon turn into an interesting gaming destination. The latest developments saw the Investment Council of Crimea support a gambling zone development.

The area would be developed on the southern coast and would mean a more than €43 million investment. 

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  have planned tax deductions worth €21 million.

The project’s construction would begin this year and be completed by 2023.

Primorye

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 revealed that 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

“We have entered the final stage of constructing two new entertainment complexes with casinos in the gambling zone,” said Shestakov. “An investor from Cambodia is completing an 11-story hotel with a casino and a concert hall, while a Russian investor, Shambhala CJSC, will launch its casino tentatively in March 2020. Workers are already finishing the building.”