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A new casino launched in Russia

Niji Narayan

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A new casino launched in Russia
Photo Source: RT.com
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A new land-based casino has been opened at the Krasnaya Polyana gambling zone in Sochi Domain LLC. The casino, titled “Boomerang” is functioning in mountain resort “Rosa Khutor.” It is reported that the total amount of investments for the casino is almost a billion rubles.

The modern casino, 204 slot machines and 20 gambling tables (roulette and card games), is expected to create 400 new jobs. Domain has been engaged in the development of Lrasnaya Polayana gambling zone since 2017. In January 2017 the company opened its first casino here. Sochi Casino (the largest in the “zone”: more than 3 thousand square meters, 1,6 thousand employees) was built on the territory of mountain resort “Gorki Gorod”. 11 months later Domain has opened hall of slot machines “Bonus”. According to the owners, by the end of 2017 total investments in the infrastructure of the gambling zone amounted to about 4 billion rubles.

With the launch of all stages of the Boomerang project, the total investment will exceed 5 billion rubles.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Gambling in the USA

New Jersey Gambling Regulators Imposes a Fine of $10K on PokerStars

Niji Narayan

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New Jersey Gambling Regulators Imposes a Fine of $10K on PokerStars
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New Jersey gambling regulators have imposed a fine of $10,000 on PokerStars for taking bets on New Jersey college basketball teams in violation of the state’s sports betting law.

According to the documents filed by the state, PokerStars accepted 216 wagers on a game involving Rutgers and Eastern Michigan University totalling more than $2,700.

The company also took a single bet on a game involving Monmouth University and the University of Pennsylvania, whose value was not disclosed.

The fine comes as New Jersey lawmakers are considering a bill that would set fines starting at $20,000 and ranging up to $100,000 for companies that take prohibited bets on New Jersey college teams.

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Eastern Europe

Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into Casino

Niji Narayan

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Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into Casino
Photo Source: getica.ro
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Two Romanian entrepreneurs are going to relaunch the Lebada Luxury Resort & Spa in the Danube Delta. They have invested EUR 20 million in the complex, purchased in 2017 for EUR 3 million from the tax agency ANAF. ANAF sold the complex to recover damages owed to the state by convicted businessman Sorin Ovidiu Vantu.

The re-opening comes at a time when the lawmakers discuss a law that extends special fiscal regime to gambling operations located on islands “including in the bioreserve Danube Delta.”

“We have a casino building, but we are waiting for the regulations in place,” said Laurentiu Niculae, general manager Lebada Luxury Resort & SPA.

Lebada Luxury Resort & Spa is located in the heart of the Danube Delta, on the Sulina branch. The complex has a land of almost four hectares. The complex has over 200 accommodation rooms, of which 140 are for the guests and the rest of the employees.

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Latest News

Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1

Niji Narayan

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Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1
Photo Source: thedenlingers.blogspot.com
Reading Time: 1 minute

 

Swedish iGaming market has revealed its first financial report for the first quarter and posts a total turnover of €313.8 million. ATG, the former horse racing monopoly, led the market with a turnover of €102 million.

In January, online gaming turnover reached €106 million, slightly declined to €104 million in February and was flat in March.

The Svenska Spel Sport & Casino reported turnover of €55 million for the three months, €18 million in January, €18.3 million in February and repeated in March.

The newly-regulated Swedish iGaming market was launched on January 1, introducing major changes for the local industry, such as the rebrand of the local regulator and the introduction of new iGaming companies.

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