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Russian Casinos Prefer Foreign Locations to Gaming Zones
MOSCOW, RUSSIA --
Operators of Russian casinos closed this week by national decree are saying they'll look to European areas to relocate their businesses, rather than move to the prescribed gaming zones being set up by the Russian government. Poor infrastructure and desolate sites are causing casino owners to choose Montenegro, Croatia, Serbia, and other countries as the new gambling homes.
Russian gaming operators say it's easier and less time consuming for their existing customer base to travel to the Balkans or elsewhere in Europe, rather than make their way to Siberia or the Pacific Coast, near the border with China.
Montenegro is cited as a prime example of what the exiled gambling businessmen are looking for; a politically stable area, with good relations with Russia, and a government that loves to play the back-scratching game.
"It's very easy to operate there. Everybody knows everybody," Sorana Parvulescu, an official of Control Risks Group tells Forbes.
The new conditions mean less regulation for the casinos, a concern for authorities worldwide. US investigators have already documented the country's inability to monitor against money laundering.
But, as long as Putin's police continue to enforce the order restricting Russian gambling, the lawless countries of Southeastern Europe are an enticing sight for relocating casino operators.
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