Russian President Vladimir Putin has signed a law allowing former Olympic winter games site Sochi to have casinos along with the annexed state of Crimea.

Observers had speculated that Sochi would be given permission to become a gambling zone and on Wednesday the Russian President signed both areas legalising them as new gambling area to promote investment and tourism.

Additionally, the law gives regional authorities in Crimea the right to designate their own casino zones on the peninsula, which Moscow annexed in March after a separatist uprising against Ukraine.

The Sochi Games, though widely recognised as a success, cost Russia some $50 billion (37 billion euros).



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