2014 law banned gaming
A pending deal to develop a casino in the Black Sea branch of Russia’s Azov City gaming zone has been shelved. According to the Asia Gaming Brief, a court has ruled in favor of the Krasnodar Territory Ministry of Strategic Development, Investments and Foreign Trade, which requested that a lease agreement with investor Adaptas be terminated and ownership of the land be returned to the region.
In 2013, Adaptas made a successful bid for the 240-hectare (593-acre) plot near the resort community Anapa. The company, which reportedly is controlled by a Singapore-based investment company, pledged to invest 16.2 billion rubles (US$244 million) in the zone over 10 years.
That plan fell apart in July 2014 when a law banned gaming in Anapa and the region’s Shcherbinskiy District.
According to a 2013 report in Rubusiness.com, the Azov City resort was set to open in early 2016 with a five-star, horseshoe-shaped hotel and a casino with 1,600 slots and 55 gaming tables.
