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New Gambling Zone in Crimea by 2022

1. History of the Project: the Background

  1.1. Chronological Table

2. Prospects for the Creation of a Gambling Zone

  2.1. Benefits for the Economy

  2.2. Investments and the Estimated Pay-back Period of the Project

3. Conclusion

The government of the peninsula puts a great deal of trust in the gambling zone in Crimea. Its creation has been discussed since 2014 (since the adoption of the relevant bill signed by Vladimir Putin). However, only in recent years, there have been serious moves in the development of the project. The delays were mostly connected with legal restrictions in the gambling industry and the selection of the territory.

Gambling zone in Crimea

The Ministry of Regional Development of Russia has initially offered to open a casino in the territory of luxurious hotels but this plan has significant drawbacks, so they abandoned this idea. Now, Crimean cities are in competition for the right to create an entertainment zone and, accordingly, receive profit from gambling.

Employees of the 2WinPower company have prepared a detailed review, thanks to which you can learn more about the prospects of the new gambling centre.

History of the Project: the Background

Gambling in Russia is facing serious restrictions. In general, the gambling business has been banned since 2006 but, at the same time, entrepreneurs can organise the acceptance of bets. Gambling is permitted within special zones and in virtual space.

Chronological Table

Years

Events

Until 2014

Gambling in Ukraine is prohibited, so the creation of a casino in Crimea was impossible.

Russian legislation also significantly restrained the growth of the industry

2014

The State Duma of the Russian Federation adopted a bill that legalised gambling

2015

The government of Crimea allowed businessmen to create gambling projects

2016―2018

During this period, local authorities held a tender to determine the location of the future entertainment zone.

Initially, the territory of the Pearl health centre in Gaspra was chosen but later, the plans changed: a new hotel will appear here

2019

A decision was made to build a gambling zone on the territory of the closed health complex Fortuna in the village of Katsiveli

Prospects for the Creation of a Gambling Zone

Casino business in Crimea

According to Alexei Chernyak, the head of the Committee of the State Council of the Republic of Kazakhstan on the health complex and tourism, gambling in the Crimea will attract elite tourists, and the profit from the casino will significantly boost the coffers.

Chernyak compared the future gambling establishment with Las Vegas and noted that the profit is expected not only from the gambling business but also from the organisation of other types of entertainment.

Benefits for the Economy

  1. Development of tourism. Alexey Chernyak called the gambling zone a magnet for tourists, and he was right. If now, leisure travellers come to Crimea mostly in the warm season, then gambling will be able to solve the problem of the seasonality of the business.
  2. Construction of infrastructure facilities. The casino will attract visitors, and it will give rise to the development of the economy as a whole: entrepreneurs will have an opportunity to open their own business in the hotel, restaurant, and entertainment sectors.
  3. Job opportunities. Thanks to the construction of the complex, 10 thousand residents of the peninsula will be employed regardless of the season.
  4. New opportunities for online business. In addition to land-based clubs, players will become more active in visiting virtual gaming sites and ordering services on the Web.

Investments and the Estimated Pay-back Period of the Project

The expenditures for the project were 8 billion rubles. According to preliminary estimates, profitability will be 30% per year. Investments in the gambling zone will fully pay off in 5 years, and it will start bringing a stable profit.

Cash flows to the treasury will come from:

  • the commercial activity tax;
  • the cost of licenses (their period of validity will be 30 years);
  • fees for the use of the land and subsoil;
  • touristic fees.

Conclusion

The new gambling zone in the Crimea is a promising project. There is every reason to hope that it will be implemented by 2022. It will open up new opportunities for both offline and online business, and you will be able to occupy your own niche.

The 2WinPower company is ready to tell you everything about the creation and development of a casino in CIS countries, Europe or Asia. Just contact us if you need to get qualified advice.

We offer the following services:

  • Turnkey casino. Our experts will develop a website, select the software and the game content, take care of technical support, and help you to resolve all legal issues.
  • Casino games. In the catalogue of 2WinPower, you will find poker, roulette, baccarat, table games, and slots from the world’s leading manufacturers (Novomatic, EGT, Amatic, Playtech, Microgaming, Mega Jack, NetEnt, and others).
  • Assistance in the promotion of a project. If you want to increase the profit of your casino, it will be better to entrust it to our marketing specialists. We guarantee that the funds invested in the right advertising will pay off within a few months.
  • Technical support. We connect and configure software and hardware and fix bugs. If you have any difficulties, you will need just to contact our service desk, and employees of our company will come to the rescue.

We are interested in a long-term partnership and will be happy if you become our client.

Start your path to success right now ― contact 2WinPower managers:

Date of publication: 21/12/2019
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