A plan for structuring Crimea’s new casino zone will be ready by the end of the year, the territory’s acting head of government said.
“We are studying views of experts who at different times were involved in organization of gambling zones in various parts of the world,” Premier Sergei Aksenov told Russia’s ITAR-TASS news agency, “and, of course, we are doing our best to adapt the best experience to the territory of the Republic of Crimea.”
Aksenov said he expects the zone, located near the Black Sea city of Yalta, will be ready to consider investments by next year. He said he believes these could range as high as US$1 billion.
Crimea, formerly part of Ukraine, was annexed by Russia in March but has struggled economically, prompting the Kremlin in July to add the territory in its list of legal gaming zones in hopes of attracting foreign investment and tourism.
