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Sochi gambling area “Krasnaya Polyana”: opening and development forecast

Sochi gambling area “Krasnaya Polyana”: opening and development forecast

On the 5th of January a grand opening of the first casino “Sochi Casino and Resort”took place on the territory of mountain resort “Gorki Gorod”, particularly in the area called “Krasnaya Polyana”.

The advent of such a casino in Sochi has triggered creation of about 1154 new job positions. More than 30% of the employees are residents of the city and about 7% are foreign professional gamblers, while the rest of the staff isfrom different regions of Russia. The said casino started its test mode functioning on December 24. During this time "Sochi Casino and Resort" attracted around 500 regular customers. The average age of playersvaries from 35 to 55 years and 90% of the gamblers are male.

The casino comprises 569 casino slot machines, 22 roulette tables, 38 card tables (Russian poker, Texas Hold'em poker and blackjack) in total. The price of chips ranges from 55 to 5 500 000 rubles.

Stuart McLaughlin, a General Manager at the "Sochi Casino and Resort" commented:

“We made huge efforts to create not only unique facilities in Russia and CIS countries, but also to perform in an absolutely new format of leisure and entertainment – this is our main mission. Many people haveattended "Sochi Casino and Resort" before its official opening. I really hope that there will be even more guests and the complex will become a destination that is highly sought - after by varioustourists similarly to casinos in Las Vegas and Macau”.

According to Cushman&Wakefield forecast, the number of visitors at the mountain resort will increase by 25% as soon as the casino in Sochi opens. The number will continue rising up to 50-60% and there will be nearly a million of guests on the fifth year of its operation.

In order to celebrate the grand opening of  “Krasnaya Polyana” casino in Sochi , there was organized a magnificent  performance involving  participation of such popular Russian stars as "Leningrad" music band, Lolita, Valery Meladze, etc.

It should be also mentioned, that a new excursion program with demonstration tours to "Sochi Casino and Resort"was launched on February 1at “Gorki Gorod” resort. The guests are suggested visiting organized excursions around the casino where they will get a chance to find out more about such games as Blackjack, Russian Poker, American Roulette, Slots and get special training enabling them to learn how to play games using lucky-chips.

Development of the gambling industry continues at a truly rapid-fire pace. Moreover, this statement can be appliedboth to land-based gambling establishments existing in every corner of the Earth, as well as to online casinos.

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