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Saint Petersburg International Economic Forum 2014

Crimea’s gambling zone to be set up in Yalta, issue still under negotiation

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Crimean authorities raise $1,500 mln to build gambling zone in Crimea

ST. PETERSBURG, May 23. /ITAR-TASS/. Decision on the creation of a gambling zone on the Crimean peninsula will be made by August, Crimea’s acting Prime Minister Sergey Aksyonov told journalists on Friday on the sidelines of the International Economic Forum in St. Petersburg.

“Anyway, this gambling zone will be located (within a particular territory). There will be no gambling venues all over Crimea,” Aksyonov said, adding that the zone would probably be set up in Crimea’s resort city of Yalta.

“This format is still subject to negotiation,” he said, noting that even in Yalta, gambling establishments would be limited to a certain area.

Aksyonov said the republic’s authorities were currently studying various economic indicators given that “the economy is a key determinant of this decision.”

“We will listen to specialists,” he said. “We are interested in partners, including those who have experience in business like this and who can propose a model ready to use, so that we do not have to experiment in the Crimean republic. I think we will take the decision no later than by August 1," he added.

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