Crimea to get new investment

A Russian company announced its plans to invest in the newest gambling zone Crimea.

Russia.- According to local media, Sergey Valeryevich Aksyonov, the Prime Minister of the Republic of Crimea, said at the Sochi Forum that they will likely get a new US$137 million investment in the gambling zone.

Even though Aksenov didn’t mention the investor’s name because of measures imposed by the West, he said that the idea to develop a new project in the gambling zone will be presented later this month. The idea is set to take approximately two years to be fully completed. “The work is about to start, the concept has already been determined, construction and installation works will be next in line, the investor has what it takes the money needed for the project,” Aksyonov said.

Earlier this year it was announced that the Russian government was near confirmation of an expected increase in national gaming tax fees for all legal sectors of the industry. Under the new law, casino operators would pay US$4,000 per gaming table. The companies have been paying US$800, whilst the tax rate on slot machines would increase from US$50.43 to US$252.15. Analysts also added that the tax rates will vary depending on the gaming area.