Krasnodar, 10 January – Yug Times. The gambling zone in the Shcherbinovsky districy, known as Azov City, was reportedly shut on December 31, 2018.
In the gambling zone, the Royal Time Company from Tatarstan had built three casinos of the total area of 11,700 sq m, and a 90room hotel.
Shambala, a Krasnodar-based company, had owned two smaller casinos (1,500 sq m each) and one bigger (18,000 sq m) casino.
These companies have reportedly filed a claim to the arbitration court for the total amount of more than 9 billion roubles. In particular, Royal Time Ltd. and Royal Time Group Ltd. want to redeem 3.75 and 2.07 billion roubles, respectively. In total, they want to recover 1.9 billion roubles as actual damage, and nearly 4 billion roubles as missed profit.
The State Duma adopted the bill on liquidation of Azov City in spring 2016. The decision was explained by the appearance of a new gambling zone at Krasnaya Poliana, because the law allowed only one such zone per region. As a result, it was decided to close Azov City by December 31, 2018.
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