Future of Gambling in Russia to Be Discussed at Russian Gaming Week in Sochi

Published on Monday 20th October 2014, 10:27 am
Posted in: Casino Business

Casino Business

Russia is set to host a huge gambling and entertainment conference in the Black Sea resort of Sochi in early November, with the development of a Sochi-based gambling zone high on the agenda.

Representatives of the Russian gambling industry and experts from around the world will gather in Sochi from 5-6 November to discuss the future of gambling in Russia at the Russian Gaming Week event. On the first day, delegates will discuss legislative changes and opportunities available to investors looking to break into the largely untapped Russian market.

Specific topics open for discussion will include the growth potential of the the Sochi gambling zone, opportunities for foreign casino operators, investment issues and the prospects for full legalization of online poker by the Russian Federation. The conference will also look into how the market for tourism in Sochi can accommodate the gambling and casino industry as part of a wider strategy, as well as issues surrounding competition between the Sochi gambling zone and other Russian gambling zones in Primorye, Kaliningrad, Krasnodar Krai, Altai Krai and Crimea.

The two-day event will feature speakers from some of the industry's major players, discussing and demonstrating the latest developments in gambling technology. One expected highlight is a special seminar where casino business experts from across the world will share their experience of opening a real casino, how much money they have invested and what they have already experienced in running the business.

Russia will be hoping to attract some serious interest and investment as its gaming industry moves into a new era. The Russian government accepted amendments to its gambling regulation law, which legalised gambling venues both in Crimea and in Sochi, in July of this year. This has cleared the way for a major new gambling development in the thriving city which recently played host to both the Winter Olympics and the Russian Grand Prix.

Gambling equipment manufacturers, casino operators and bookmakers from around the world are now able to operate in the Russian resort and will be listening in intently as the full extent of the opportunities are unveiled at the Russian Gaming Week.

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