New gambling zone in Russia’s Sochi gets the green light

Russia’s Prime Minister Dmitry Medvedev has given the go signal to create a new gambling zone in the city of Sochi.

According to Russian news agency TASS, the prime minister signed a resolution last August 10 allowing the development of the new zone, called Krasnaya Polyana, in the city.

Russia’s latest gambling zone will cover the 165,000 square meter of land where facilities for the 2014 Winter Olympics were supposed to be built, but the land went unused after it failed to get funding from the federal budget.

The resolution was prepared in accordance with the law on gambling.