Casino owner Michael Boettcher sits among gamblers at his casino, Jazz Town, in central Moscow 18 October, 2006..Boettcher is the English CEO of Storm International, which operates the Super Slots chain, Moscow's Shangri La and Jazz Town, and several others..Storm International called off plans for an initial public offering after the Russian government announced legislation, expected to cruise through the State Duma next month, that will empower the state to handpick companies to operate inside four zones where gambling will remain legal after 2009. .When the state takes control of the gambling industry, foreigners will have an advantage over Russians thanks to Kremlin legislation that will make investments risky. .Soviet era gambling was limited to lotteries with modest prizes and a few outdoor gaming tables. Today the slot machine arcades around every Moscow metro station and the bright lights of the casinos on the Novy Arbat tell the story of raging leisure spending in the Russian capital. .
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