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09 Июня 2018
Foreigners

Shcherbinovsky Rayon States It Needs Azov City

Источник фото: Светлана Романова
Источник фото: Светлана Романова

Krasnodar, 9 June – Yug Times. Deputies of the Shcherbinovsky Municipal Council are asking the regional Legislative As-sembly to help preserve the gambling zone.

In his letter addressed to the Chair of the Legislative Assembly Yuri Burlachko, the Chair of the Municipal Council Mikhail Kriazhov seeks support for resolving a very important issue. He wants the Kuban regional parliament to submit a bill on amendment of the law on state regulation of games of hazard for the consideration of the State Duma. In his explanatory note, Mr. Kriazhov states that over the eight years of functioning of the gambling zone, its residents have paid over 1.75 billion roubles in taxes. According to the Krasnodar Regional Administration, the overall tax and nontax allocations of the Azov City Zone have exceeded two billion roubles.

In 2018, the gambling tax was doubles, so that the dues and fees may equal to nearly 500 million roubles.

In their official letter sent to the Legislative Assembly, the local deputies stated that the gambling zone provides over 1,800 jobs. If it would be closed, as the Cabinet of Ministers wants it to happen, hundreds of local people would get unemployed.

Besides, the liquidation of Azov City would result in unplanned budgetary expenditures to the amount of 10 billion roubles. The sum has been counted as the compensation for the construction of the transport and engineering infrastructure in the rayon, compensation for the investors’ expenses, litigation costs, and short-received taxes. 

The possible liquidation of Azov City would have an extremely negative impact upon the development of Russia’s remaining four gambling zones. Currently, their development primarily depends upon the availability of private investors. If Russia would choose to close the oldest and the most successive gambling project, both existing and potential investors would be scared to continue to invest in such an unstable business.


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