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Crimea Seeks to Become Next Las Vegas

Published: April 22, 2014 (Issue # 1806)



  • The gambling zone, like the special economic zone, is intended to lift Crimea at least to the average Russian level, socially and fiscally.
    Photo: Ralf Roletschek / Wikicommons

Crimea's plans to become the world's next Las Vegas have received the blessing of President Vladimir Putin, who presented a bill to the State Duma that could transform the formerly Ukrainian peninsula into Russia's fifth official gambling zone.

Crimean authorities proposed the idea originally and are convinced of its commercial prospects. A Crimean gambling center "stands a good chance of becoming a competitor to such sophisticated territories as Macau, Monaco and Las Vegas," Crimean Deputy Prime Minister Rustam Temirgaliev said Monday, PRIME reported.

Separate plans to create a special economic zone on the peninsula will help raise Crimea to the level of these ritzy competitors, Temirgaliev said. Prime Minister Dmitry Medvedev announced earlier this month that Russia will establish a special economic zone on the annexed peninsula, offering special tax breaks and trimming red tape in an effort to attract investors.

There are two possible models for the gambling zone, Temirgaliev said: either they will create a special gambling city in the popular resort area of Yuzhny Bereg, or they will allow "specially prepared tourist complexes" across Russia to run their own casinos.

According to Putin's bill, it is up to the Crimean authorities to determine the borders of the zone. They will also choose which of the above models to implement, said Viktor Zvagelsky, deputy head of the State Duma's Economic Policy Committee.

The gambling zone, like the special economic zone, is intended to lift Crimea "at least to the average Russian level, socially and fiscally," without requiring additional state funds, Zvagelsky said.

A gambling zone could make a major difference to the region's budget, especially given the pivotal role that tourism plays in the Crimean economy, he added. Azov-City, the single functioning gambling zone in Russia, brought in 140 million rubles in taxes last year ($3.9 million), of which 120 million came from the zone's three casinos. "So you can understand how profitable this is for a region's budget," Zvagelsky said.

In a statement last week, the Regional Development Ministry estimated that creating an integrated entertainment-tourism cluster in Crimea would bring an additional 600,000 tourists a year to Crimea and Sevastopol and add about 1 billion rubles ($28 million) to state coffers. Prior to the Russian annexation, the peninsula hosted about 3 million vacationers yearly.

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ALL ABOUT TOWN

Wednesday, Oct. 1


The St. Petersburg International Innovation Forum 2014 kicks off today at Lenexpo, where it will be presenting the latest and greatest ideas until Oct. 3. Focusing on economic development and the decisions and measures necessary to encourage development in Russias most important industries, the event is a possibility to discuss the innovations currently available in a variety of fields.


Representatives of the Russian and international media industries arrive in St. Petersburg for the first ever International Media Forum being hosted by the city until Oct. 10. With a variety of events on tap, including workshops, lectures and film screenings, the event plans to reemphasize the citys reputation as the countrys culture capital and as an emerging market and location for the visual arts.



Thursday, Oct. 2


The celebration of the bicentennial of the birth of Mikhail Lermontov continues with todays free exhibition in the citys Lermontov Library at 19 Liteiny Prospekt. Titled Under the Rustling Wings, the temporary exhibition will feature the costumes and scenery used in the 1917 production of Lermontovs play The Masquerade, which he wrote in 1835 when he was only 21 years old.



Friday, Oct. 3


Learn more about how to manage and evaluate employee performance during SPIBAs Human Resources Committee meeting this morning on Employee Assessment: Global and Local Trends. Starting at 9:30 a.m., the discussion will touch on such topics as the partnership between HR and business, reliable assessment strategies and more, with Tatiana Andrianova, the head of the SHL Russia and CIS branch in St. Petersburg, as the featured guest. Confirm your participation by Oct. 2 by emailing office@spiba.ru or calling 325 9091.


AmChams Procurement Committee Meeting is at 9 a.m. this morning in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha.



Saturday, Oct. 4


Wine and cheese lovers will get their chance to revel during Scandinavia Country Club and Spas Wine Market Weekend. Going on today and tomorrow, wining diners can listen to live music, take part in culinary classes and, of course, sample a variety of fine wines from around the world. The cost of admission is 400 rubles ($10.30) for adults and 200 rubles ($5.15) for children.



Sunday, Oct. 5


Look for the latest fall fashions at the Autumn Market today in Freedom Anticafe at 7 Kazanskaya Ulitsa. The minimarket plans to offer clothes more flattering than the puffy jackets that are a staple of the citys cold-weather fashion, while offering the same amount of protection from the biting winds blowing off of the Baltic.



Monday, Oct. 6


SKA St. Petersburg, the citys KHL affiliate, welcomes Slovakian club HC Slovan in a match-up tonight at the Ice Palace near the Prospekt Bolshevikov metro station. The puck drops at 7:30 p.m. and tickets can be purchased on the clubs website or in person at either the arenas box office or the clubs merchandise store on Nevsky Prospekt.



Tuesday, Oct. 7


Learn more about Russias energy industry at the St. Petersburg Energy Forum that begins today and runs through Oct. 10. Attracting industry experts and political and business representatives, the forum plans to welcome more than 350 plus companies and their representatives to discuss the future of Russias largest economic sector.



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