Skip to comments.Crimean authorities raise $1,500 mln to build gambling zone in Crimea
Posted on 04/22/2014 5:30:58 PM PDT by goldstategop
© ITAR-TASS/Valery Matitzyn
MOSCOW, April 23. /ITAR-TASS/. Crimeas authorities have already raised a sum of $1.5 billion on the construction of a gambling zone on the peninsula, Crimeas First Deputy Prime Minister Rustam Temirgaliyev said in an interview with the Izvestia newspaper published on Wednesday.
Bearing in mind the fact that the worlds biggest gambling companies have already officially promised to invest in this project, budgetary financing will be minimal, he noted.
It is planned to create at least 10,000 new jobs. The resort is expected to yield a large-scale multiplier effect - a high workload of the entire infrastructure: the sphere of services, automotive transport and everything linked with servicing tourists, he said. We plan to create a round-the-year resort. Demand for the gambling zone will be all-seasonal. We have received a large number of offers from the most recognized global brands to take part in this project. Until the State Duma [lower house of the Russian Parliament] passes a relevant law, we shall not announce the names of the companies seeking to participate in the projects.
The construction of the gambling zone, which, according to preliminary estimates, will occupy a territory of about 100 hectares, will be financed from private sources only, he noted. It is planned to build this zone in Crimeas southern coast. It will be a closed zone located far from populated localities. Another option, according to Temirgaliyev, is to build this zone somewhere between Alushta and Yalta, near Gurzuf, but without access to the sea. The final decision will be taken after the State Duma passes a law on the establishment of a gambling zone in Crimea. The relevant bill was submitted by Russian President Vladimir Putin on April 21, 2014.
Meanwhile, Samoil Binder, a deputy executive director of the Russian Association for the Development of the Gambling Industry, said that $1.5 billion would not be enough to build an efficient gambling zone that would be able to bring considerable revenue to the Crimean budget. The construction of a gambling cluster would require from $5 to $7 billion, he told. In his words, the Crimean gambling zone project should target foreigners as well, so it should provide for the construction of world-level infrastructure. It is necessary to build several five-star hotels on the seashore, to build a recreational infrastructure, including concert halls, sports facilities, restaurants, bars. It will be necessary to organize sports events there, like world championships in Las Vegas, he noted.
Currently, four Russian constituent regions - the Altai, Primorsky and Krasnodar Territories, and the Kaliningrad region - have official licenses on gambling zones, the newspaper reminded. However the only active gambling zone in Russia is Azov City. In 2013, it yielded 142 million roubles ($3.9 million) to the budget, including 121 million roubels ($3.3 million) from the gambling businesses.
this is the world we live in....
Jesus will have HIS hands full...
Bear in mind after you comp the free drinks and take in the beautiful views - the house always wins.
The Russian Mafia will have a field day with this. Just make sure Pooty-poot and his buddies get a cut.
I have been in casinos in Las Vegas, Detroit and Montreal. I haven’t won in any of them. But the free drinks are always a solace.
So far the Christian savior Putin, has amassed 40 to 70 billion dollars while being such a saintly man.
Donetsk is next.
For a wonderful vacation.
Fun for the whole family.
Gateway to the Donbass.
Supposedly, Yelena Baturina, the world’s richest self-made woman, is all over this, and wants to be the first to open a western-style casino and hotel there.
That would make Putin the 3rd richest man on the planet, behind Bill Gates and Carlos Slim.
While he isn’t hurting for cash, by any means, I doubt it is anywhere near that.
What happens in Sevastopol, stays in Sevastopol.
A bit more creative than firebombing people and buildings.
LOTS of questions about Putin’s money, and there have been for years. He was accused of profiting from St. Petersburg city ventures long ago, but it was never proven.
Gunvor denies that Putin has any current or past ownership stake. How much of his wealth is reality, and how much is myth?
If you want to know about Putin’s money, follow Timchenko.
I haven’t seen a figure below 40 billion dollars for him.
NET WORTH:$70 BILLION—VLADIMIR PUTIN’S ANNUAL SALARY$187 THOUSAND PER YEAR
Net Worth: $75 Billion
1. Vladimir Putin According to a report drawn up by former Russian Deputy Prime Minister Boris Nemtsov, Putin has access to 58 aircrafts, four yachts and nearly two-dozen homes. At the same time, some of Putins political allies have been showing up higher and higher on the Forbes list. So whats Russias big man and oligarch maker worth? Political analyst and Putin critic Stanislav Belkovsky estimates $70 billion if accurate, good for 2nd place in the world.
Putin doesn’t need to have a lot of money because he controls the government, he can get what he wants when it wants it. I doubt he has a significant stash.
Wow. Where does that now leave Sochi? I think they are now odd man out...
It’s easy to be a wealthy self-made woman when you husband is mayor of Moscow and directs all city construction projects to your company.
“Its easy to be a wealthy self-made woman when you husband is mayor of Moscow and directs all city construction projects to your company.”
Sure it is. But she seems to be the real deal.
Her, and her brother, started a company that imported “modern” computers and software from the west after the Soviet fall, and made a mint doing it.
She invested the money in prime ag land, lots of it, (at last mention some 60-65,000 acres) and bought/remodeled several of the old Soviet “Special Person” hotels to western standards.
Now she is breeding/raising a type of Russian equestrian horse that almost disappeared under the Soviets.
LOL. So Putin has rewarded his Russian Mob partners.
Who do you think the Don is? You think Putin got rich on his Soviet salary?
But remember, he’s a WONDERFUL devout Christian now. ..