The gambling zone “Siberian Coin” was created by order of the Government of the Russian Federation on February 9, 2008. It is located in the Altai Territory, 280 km from Barnaul on an area of more than 2,300 hectares near the village of Aya. The location was chosen not by chance, since in the east the gaming zone borders on the tourist complex “Turquoise Katun”, and this neighborhood reduces the cost of infrastructure development and promises an influx of tourists to the casino.
Initially, three companies were listed among the residents: Alti, Royal Time Group and Energia M.
The latter abandoned the idea of investing funds in 2015, and the subsidiary of Royal Time Group (RTG-Siberia) did not perform any work for a long time, but also did not leave the number of residents. In 2019, by the decision of the arbitration court, the contract with the company was terminated, and its owners were obliged to pay 55 million rubles to the regional budget as a penalty.
Tourist complex “Turquoise Katun”
Since the establishment of the gambling zone in Siberia, the only company that really developed a special territory was Alti LLC. Its owner, Vladimir Kutyev, manages the city-forming enterprise of the city of Gorno-Altaysk, which is closest to the IRZ. According to various sources, about 2 billion rubles were invested in the development of the site. Now there is one entertainment complex with a casino, a hotel and a restaurant in Altai.
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The Altai Palace Casino opened in 2014, later a four-star hotel with 46 rooms began its work. There are 150 slot machines and 32 gaming tables in the gaming halls, and a poker club has been operating here since 2016. In addition to classic gambling games, the institution offers a billiard room, where there are 4 tables for Russian billiards, one for an American pool and a snooker table. On the territory of the entertainment complex there is a restaurant, a SPA-salon.
Altai Palace Casino
The main problem of the Siberian Coin casino was the remoteness from civilization and, as a result, the lack of infrastructure.
A good road was laid only in 2019. It got to the point that the operator organized a helicopter transfer to comfortably deliver the players to the Altai Palace.
Now the administration is trying to attract customers, including through excursions, offering horse and helicopter rides, jeep tours focused on family holidays. Nearby are the Tavdinsky caves, Teletskoye Lake and the most famous mountain in the Altai Belukha. The picturesque places of the natural zone “Turquoise Katun” really attract a lot of people every year, but these tourists are often not interested in visiting the casino. Therefore, in recent years, the operator has begun to actively develop the so-called event tourism: music and sports festivals and other mass events are held on the territory of the entertainment complex.
It was expected that the entertainment complex would be visited by gamblers from neighboring major cities and tourists from all over Russia, and a bet was also placed on visiting the casino by foreign citizens. The official website of the gambling zone “Siberian Coin” indicates that by 2019 it was planned to build:
- casinos with thousands of slot machines and hundreds of gaming tables;
- hotels with a room fund for 3,000 seats;
- ski resort;
- restaurants with cuisines of different peoples;
- year-round water park, dance stages, boutique chain, theaters.
However, at the end of 2019, the plans were not implemented, and the statements of the owner of the only casino about the future of the “Siberian Coin” are not optimistic. Now Vladimir Kutyev has taken a wait-and-see position, betting on the further development of the special zone by attracting new investors.
The businessman takes a sober look at things, talking about the unsettled air traffic, the unstable economic situation and low incomes of the population. All this, in his opinion, is a deterrent for potential residents.
According to some reports, the special territory was still able to attract an investor who is ready to invest several billion rubles in a large project. It is noteworthy that the shareholder of the new company is the co-founder of the already existing investor Alti. LLC Zolotaya Lastochka 8 has signed an agreement and plans to start construction of a gambling and entertainment center in 2020 and fully complete the work by 2024. There will be at least one more gambling establishment, a hotel and other facilities to attract tourists.