Russians no longer have to worry about being without casinos–a new one has opened up in the south of the massive county. From Fox News:
Half a year after Russia closed all of it's gambling casinos and slot-machine halls, the first new casino opened Saturday under a plan to limit legalized gambling to four comparatively remote areas.
About 500 people showed up for the opening of the Oracle casino in Above City, a gambling zone in southern Russia. But only about 100 of them appeared to be actually placing bets. The casino, in a large shed-like building in a snowy field, has about 200 slot machines and 10 table games.
The zone is about 60 miles from Rostov-on-Don, the nearest sizable city, and 120 miles from Krasnodar.
It's unclear how many Russians will be eager to travel long distances for a gambling excursion, but the casino's operators say they're convinced there's a market and they plan to start building a four-star hotel for gamblers this summer.
“There's a lot of gambling people here” in the region, said Valery Saparin, marketing director for casino operator Royal Time. “We hope that a lot of people will be drawn to us in the near future.”
Casinos mushroomed in Russia's cities after the 1991 collapse of the Soviet Union and slot machines quickly spread beyond gaming halls to shops and malls. The spread of gambling provoked distaste among many Russians over the flashy cars parked outside glittering casinos in Moscow and the harm that gambling can do to society.
All the gambling operations were closed July 1 under a law that was signed in 2006, but that many had expected never would be enforced.
The law limits legalized gambling to Azov City, the Kaliningrad exclave on the Baltic Sea, the Altai region of Siberia and the Primorsky region of Russia's Far East.
via Russia Casino Opens Under New Gambling Plan – IFOXNews.com.
I did a little tooling around the Internets and I couldn’t find any other mention of an “Above City, Russia.” But I did find that Azov City, which is mentioned in the last paragraph, is right where “Above City” should be according to its description in the second paragraph. Whether this is a funny proofreading error or another name for the Azov zone, I don’t know.
How about some fun casino math?
With only 200 machines, and ten tables, the casino has 270 or so gaming positions. With only 100 folks playing at its big opening, that looks like a 37% utilization rate. I have no idea what the benchmarks are for win per position per day in Azov, but they’d better be pretty high to justify building a four-star hotel.