The brand new Sochi Casino and Resort, a five-star complex set on the Gorki Gorod mountain resort officially opened its doors last Thursday.
The Sochi Casino and Resort is the first casino in Russia’s newest dedicated gambling zone. Set in the mountain resort of Gorky Gorod, Sochi, the casino is described by its operator Domain LLC as an entertainment complex of a global scale and a special concept for Russia in the spirit of the best gaming sites of Las Vegas. The establishment of the new gaming zone in Sochi was accepted by Russia’s Prime Minister, Dmitry Medvedev, in late August 2016.. The licence for the casino was issued by the Krasnodar Krai administration.
Domain LLC commented on Sochi Casino and Resort:
The entertainment complex offers a casino, two restaurants, a cabaret theater, a bar and other venues. The casino floor will contain 569 slot machines and 70 gaming tables.
The Sochi Casino and Resort is expected to attract over 43,000 guests that will visit the complex every month.
According to Russian business daily RBC, investments in the project amounted to RUB 4 billion ($66.3 million), which Domain plans to pay off in a three-year time. What is more, Domain also expects the turnover from the casino to reach RUB 4.6 billion in 2017, followed by “a significant growth” in the next two years.
Gaming has been banned from major cities in Russia since 2009. The only exceptions were four designated areas: the Primorsky Territory in Russia’s Far East, the Kaliningrad Oblast, Altai Krai, and Azov-City. Sochi is to become the fifth area to welcome casino gaming development in the country.