RUSSIA

Russian gambling zone “Siberian Coin” expects a new investor

The authorities of the Altai Territory are negotiating with a company that may become a new operator of the Siberian Coin gambling zone. According Altapress, to the volume of expected investments is 3 billion rubles.

“Recently, they’ve submitted required package of documents to the regional Ministry of Economic Development to provide the investor with a land area without bidding. Legislation allows this to be done,” the head of the regional department of tourism development Yevgeny Deshevykh said.

He explained that the company is an investor from the Siberian Federal District. The company has already submitted drafts of its project.

Initially, the “Siberian coin” was planned to host dozens of projects. However, now only Altai Palace casino and complex operate work there. According to the official data, the traffic of tourists to the gambling zone for 7 months of 2018 increased 2.2 times compared with the same period of 2017. In January-July, 79.3 thousand people visited the gambling zone. The total investment in the Siberian Coin amounted to 1.7 billion rubles. Local authorities report about 25% return of investments in taxes since 2008.

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