Siberian Coin Gambling Zone was created by order of the Russian government 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 not chosen by chance, since in the east the gaming zone borders on the Turquoise Katun tourist complex, and this neighborhood reduces infrastructure development costs and promises an influx of tourists to the casino.

Initially, there were three companies among the residents: Alti, Royal Time Group and Energia M.

The latter abandoned the idea of ​​investing in 2015, and the subsidiary of the Royal Time Group (RTG-Siberia) did not perform any work for a long time, but did not leave the ranks of residents either. In 2019, by the decision of the arbitration court, the contract with the company was terminated, and its owners were ordered to pay 55 million rubles to the regional budget as a penalty.

Since of the formation of a gambling zone in Siberia, the only company that actually developed a special territory was Alti LLC. Its owner, Vladimir Kutiev, manages the city-forming enterprise of the city of Gorno-Altaisk, the 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 in Altai with a casino, a hotel and a restaurant.

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Altai Palace Casino opened in 2014, later a four-star hotel with 46 rooms began its work.

The main problem of the Siberian coin” became a distance from civilization and, as a result, a lack of infrastructure.

A good road was built only in 2019. It got to the point that the operator organized a transfer by helicopter in order to comfortably deliver the players to Altai Palace.

Now the administration is trying to attract customers, including through excursions, offering horse and helicopter rides, jeep family oriented tours. Nearby are the Tavdinsky caves, Lake Teletskoye and the most famous mountain in Altai, Belukha. The picturesque places of the Turquoise Katun natural zone 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.

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It was expected that the entertainment complex would be visited by gamblers from neighboring large cities and tourists from all over Russia, they also relied on foreign citizens visiting the casino. The official website of the Siberian Coin gambling zone states that by 2019 it was planned to build:

• a casino with thousands of slot machines and hundreds of gaming tables;
• hotels with 3,000 rooms;
• ski resort;
• restaurants with cuisines of different nationalities;
• year-round water park, dance stages, chain of boutiques, 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 Siberian Coin are not very optimistic. Now Vladimir Kutyev has taken a wait-and-see attitude, relying on the further development of the special zone by attracting new investors.

The businessman takes a sober look at things, speaking of unsettled air traffic, an 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 still managed to attract an investor who is ready to invest several billion rubles in a large project. Remarkably, the shareholder of the new company is the co-founder of the already existing investor Alti. Zolotaya Swallow 8 LLC has entered into an agreement and plans to start construction of a gambling and entertainment center in 2020 and complete the work by 2024. There will be at least one more gambling establishment, a hotel and other facilities to attract tourists.