×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russia to Allow Gambling in Sochi

Russia will allow gambling in Sochi in a bid to make continued use of the facilities that were built in the Black Sea resort for the 2014 Winter Olympics.


Russia spent $51 billion on the Games, leaving many companies that invested in the city wondering how they were going to recoup their money.


Russia  closed down casinos across the country in 2009 and restricted gambling to several designated zones, all far away from major cities or tourist attractions. The parliament voted last week to put Sochi on the list of the areas where gambling is allowed.


Deputy Prime Minister Dmitry Kozak, who oversaw the preparations for the Games, told Russian news agencies on Tuesday that the government will decide within the next 10 days on the exact location of casinos.


He said that the gambling zone could be set up at the site previously used for the Games, but any location in Sochi should support local businesses.


"We should do everything to make these projects bring returns on the investment, so that they do not go bankrupt," Kozak said.


Russia built 14 venues for the Games with a total capacity of 145,000 people. 
Plans for how to use the venues are changing all the time. Some were converted into malls, others given away to athletic federations.


Dozens of private companies, anticipating the Kremlin's gratitude for shouldering economically unviable projects, flocked to Sochi to build hotels and infrastructure. Observers noted, however, that Sochi as a resort was unlikely to attract enough tourists for the new hotels and other facilities to be fully used.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more