Russian Gambling Zones
By the law On state regulation of organization and conduct of gambling and Amendments to Certain Legislative Acts of the Russian Federation of 2006, all casinos and places of this kind in Russia must be located only in four special zones.
What Is the Siberian Coin?
The first such zone is Azov City, located on the border of the Rostov Region and Krasnodar Territory. Another ambitious project is the Siberian Coin. It is constructed on the territory of the Altai region (almost three hundred kilometers from Barnaul). Its area is more than 2,300 hectares.
Siberian Coin is adjacent to the tourist and recreational zone Turquoise Katun. It is now constructed in the Altai area of the river Katun.
The public service carries out the external infrastructure of the complex, and construction is paid for from the budget. We are talking about the reconstruction of old roads and building new roads, the construction of a bridge over the Katun, repairing a runway in the airport of Biysk, laying pipelines, and so on.
Investors in the Siberian Coin Gambling zone
Here is brief information on the investors:
- The first investor of Siberian Coin is the Alti Company. It leased two plots with a total area of more than fifteen acres. It has presented two draft casino and hotel complexes and two business-class hotels. The total investment is more than 420 million rubles.
- Another investor of Siberian Coin is JSC Energy M from Yoshkar-Ola. The company leased an area of over 66,000 square meters and planned to build a hotel with a casino. The project will be finished by the end of 2015. The investment is approximately 580 million rubles.
Now they are considering methods of attracting foreign investors.
News about the Siberian Coin
Casinoz will keep you abreast of the latest news in the gambling areas of the Russian Federation.