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15 Dec, 2006 04:20

The Russian Duma to hold second reading on gambling bill

The Russian Duma to hold second reading on gambling bill

Russia's State Duma is due to hold the second reading of a bill regulating the gambling business. President Putin has proposed the creation of 4 gambling zones in Russia leaving the rest of the country casino-free.  

Following presidential proposal, a Duma committee has suggested all gambling businesses be concentrated in 4 of Russia's more remote regions, leaving no casinos in Moscow, Saint Petersburg, Sochi and other large Russian cities.

If passed, the bill will also introduce a minimum size for casinos and a minimum number of gambling machines per venue.

All existing casinos would be relocated to the 4 zones by July 2009.

By the same date, all gambling businesses failing to meet the new restrictions would be closed.