Russia: President approves new gambling zone in Altai Republic
The President has signed a law authorising the creation of a sixth gambling zone in the country.
The President has signed a law authorising the creation of a sixth gambling zone in the country.
Local media outlets reported that the company was in talks with “three to four foreign casino operators, including existing partner Melco Resorts & Entertainment Ltd, for the development”.
The action follows a wider national crackdown that has already led to 91 casino closures and more than 13,000 deportations.
Strong table volumes drive continued momentum in foreigners-only gaming operations.
The leadership change comes after a difficult 2025 for the operator, with VIP and premium mass weakness weighing on Solaire Entertainment City.
Voting power remains at 8.24% following expiry of 5.5% off-market offer.
Government seeks to close legal loopholes and curb gambling-like elements targeting youth.
Zhonglu Zeng says steady GGR growth reflects resilience despite external uncertainties.
The figure (US$7bn) equates to an increase of 20.6% year-over-year, while the province’s total non-adjusted gross gaming revenue grew 30.7% to $387m during the monthly period.
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