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Russia To Extend Betting Zones
Thursday December 19,2013 : RUSSIAN PROPOSAL TO EXTEND BETTING ZONES
Winter Olympics host city could become another 'gambling permitted' region.
Sochi, the Russian city that is to host the Winter Olympics next year, could become the next zone where the Russian government permits gambling, according to a report in the publication Kommersant.
Russian Prime Minister Dmitry Medvedev made the suggestion at a meeting earlier this week as the government seeks ways to offset the massive losses expected to be made by investors who have put large amounts of money into the development of Sochi ahead of the Olympics.
With a price tag of over $50 billion, the Sochi games are set to become the most expensive Olympics of all time.
Businessmen and state-owned companies have reportedly sought state assistance to pay back loans taken out to pay for projects they have committed to in Sochi.
The Russian government banned gambling in Russia in 2009 restricting the industry to just four designated zones across the country. These zones include the Baltic enclave of Kaliningrad, the country’s Far East, the southern Krasnodar Territory and Siberia’s Altai region.
A committee has been set up to consider the Prime Minister's proposal and will be chaired by Deputy Prime Minister Dmitry Kozak, Kommersant reported.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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