MOSCOW, January 30. /TASS/. Businesses of Azov-City, one of the two Russian gambling zones, have received a letter from Alexey Sheyan, Krasnodar Krai Minister of Strategic Development, informing them that the zone has to be liquidated by April 1, 2015, according to the Royal Time and the Shambala leasing companies as quoted by Vedomosti newspaper. The information has been confirmed by the Ministry.
Before the liquidation, the Russian government will issue a resolution abrogating the investors’ licenses on organizing gambling activities.
The Ministry of Finance has confirmed that it is preparing the necessary documents for the Azov-City liquidation.
Azov-City is the first functioning gambling zone built in Russia, with the second one in Russian Altai region and a number of others to be set up soon.
The Russian government ordered to liquidate the Azov-City gambling zone, and after that a new one will be built in Sochi, Krasnodar Krai.
The federal budget will compensate the Krasnodar region for the gambling zone expenses totaling at least 10 billion rubles ($145 mln), according to the Russian Ministry of Finance.