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VLADIVOSTOK, November 14 (RIA Novosti) - The construction of a first casino and a hotel has begun in the Far Eastern gambling zone, the administration of the Primorye Region said on Wednesday.
Under a 2007 law, which came into force on July 1, 2009, casinos and other gaming establishments can operate only in four remote areas designated for gambling: in the Baltic exclave of Kaliningrad, south Siberia's Altai Territory, Primorye in the Far East, and in southern Russia near the Sea of Azov. As of July 2012, Russia’s only two legal casinos operated in the Azov gambling zone.
The first stage of the Primorye gambling zone project, due to be completed by 2015, is supervised by the region’s governor Vladimir Miklushevsky.
According to the governor, the gambling zone will serve as an “anchor” for developing the region’s tourism infrastructure.
“The gambling zone itself is not the most important thing, but it is like an anchor. In the modern tourism business, income from the gambling zone itself makes from 30 to 40 percent of all tourism revenues. The rest comes from other sources, such as amusement parks and shopping centers,” he said.
Under the plan, casinos, hotels, a yacht club, a multipurpose trade and entertainment center as well as many other tourist and recreation facilities will be built in the Primorye gambling zone.
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The current contract portfolio of Russian arms exporters is worth about $46 billion. Annual exports total $15 billion, and this will ensure uninterrupted deliveries for the next three years, even in the worst-case scenario. The list of the main buyers of Russian weapons is unlikely to change drastically.