OREANDA-NEWS  At a meeting on Wednesday, the Federation Council approved a law on the placement of a gambling zone on the territory of the Yalta seaport.

The federal law establishes the possibility of placing a gambling zone within the boundaries of land plots on the territory of the passenger terminal of the Yalta seaport of the Republic of Crimea, also clarifies the mechanism for compensation for real damage and criteria for selecting land plots for the creation of gambling zones in case of a change in the boundaries of the gambling zone created on the territory of the Republic of Crimea.

The Federation Council Committee on Economic Policy noted that this will contribute to the dynamic development of the urban district by creating a favorable investment climate in the tourism sector, ensure the socio-economic development of the region as a whole, increase the standard of living of the population, and significantly increase tax revenues to the budget of Crimea.

The law also provides for the granting of powers to the executive authorities of the federal city of Sevastopol to control the distribution of outdoor advertising.