According to the head of the Republic of Crimea, Sergey Aksenov, a construction site for a gambling zone has already been selected on the Peninsula.
This is the village of Katsiveli located in the south of the Crimea. Another option for the site was the premises of Zhemchuzhina (The Pearl) health resort located in Bolshaya Yalta, near Lastochkino Gnezdo (Swallow's Nest) castle. However, later the regional authorities rejected that option.
Sergey Aksenov has emphasized that the project will be financed by a major investor, whose name is kept secret because of sanctions imposed against the Republic. He has added that it is a high-profile operator.
The next stage, Aksenov added, will be public hearings and the development of all the necessary legislative framework. Also, the head of the Republic has noted that a working project already exists and, moreover, the relevant activities are underway. The casino is planned to be put into operation at the end of next year.