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Tag: Russian

First Sochi Casino Resort Opens

The new Sochi Casino Resort has finally opened to provide the Russian Olympic resort with a world-class gambling facility. Sochi will also be host to the 2018 World Cup.

New Sochi Casino Resort Opens

New Sochi Casino Resort OpensYou may remember Sochi was newly constructed on the Black Sea Coast to host the Winter Olympics. The 2018 World Cup Football is also to be hosted there and it is now also the home of Russian F1 Grand Prix. It has been a successful creation in what was previously a run down holiday resort. Russia has banned gambling in all but a few localised areas, Sochi is one of them. Crimea is another which is also attracting investment.

The new Sochi Casino Resort opened this Thursday in the mountain resort of Gorky Gorod, It is described by its operator Domain LLC as a global scale entertainment complex on par with the best casinos in Las Vegas. The Sochi Casino Resort has all the facilities you might expect in a Las Vegas casino resort. It has many restaurants, a cabaret theatre, a convention centre numerous shops, bars. It is one the largest casino resorts in Russia today and incorporates 569 gaming machines and 70 table games.

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Russian Gambling Laws

Russian Gambling Laws – Russia has struggled to deal with gambling. It was banned during the communist era and then legalised during the late 1980’s. Following increasing social problems it is now only permitted in 5 designated zones.

History of Russian Gambling Laws

Russian Gambling Laws

USSR – The Communist Era

During 1928 gambling was banned following a report claiming that gambling was a bourgeois pastime not compatible with the spirit of the working proletariat. All gaming houses in the Soviet Union were duly closed. The end of Russian gambling.

Subsequently during 1932 a resolution was passed to regulate the state lottery business.

During 1988, in a drive to promote tourism, slot machines were legalised in some hotels. In August 1989 the Soviet Government lifted the ban on gambling and the first gambling house was opened in Moscow. The first casino opened in Moscow’s Savoy Hotel.

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