Russian President Vladimir Putin signed a new law to establish a gambling zone in Crimea, official web portal of legal information reported on Wednesday.

According to the statement, Crimean authorities will determine the borders of the new gambling zone: they will either spread gambling facilities across the peninsula, or establish a gambling zone in the south coast of Crimea where the majority of resorts are located.

Moscow banned gambling in Russia in 2009, except for special designated zones across the country. The four zones established earlier are located in Kaliningrad near the Baltic Sea, the Far East, Siberia’s Altai Region, and southern Krasnodar territory.

Russian lawmakers believe that allowing gambling in Crimea will attract investors, increase the number of tourists and create new jobs.

Crimea was annexed by Russia in March, with a treaty for unification signed on March 18.