You're reading: Bloomberg: Putin is making a big bet on building Vegas in Vladivostok

What happens in Vladivostok stays in Vladivostok.A phrase that could’ve captured Soviet obsession with secrecy during the Cold War is gaining new meaning for Vladimir Putin, who’s taking a gamble as he aims to turn Russia’s easternmost nuclear garrison into a freewheeling center of commerce and casinos to lure investors and bettors from Asia.

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