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Russia – Nagacorp breaks ground on Primorye project
By phil - 8 juli 2015
Cambodian-based operator NagaCorp has started construction work on its casino resort in the Entertainment Zone of the Primorye Region in Russia’s Far East for a project which it is believed will be called Seaside Entertainment Resorts City.
A ground breaking ceremony was held at the site, near the port of Vladivostok, which was attended by NagaCorp President Tan Sri Dr Chen Lip Keong, as well as First Vice-Governor of the Primorsky Territory, Basil Usoltsev. The resort will be built in three phases, with the first phase seeing an investment of up to US$200m. It has been designed by Las Vegas casino architects, Steelman Partners.
NagaCorp har sagt att resorten kommer att rymma 100 spelbord, 500 slots, en teater med 2,000 XNUMX kapacitet och ett spa.
NagaCorp said: “We expect that the PERC project will commence operation not later than 2018.The group believes that its strategy of diversifying its business geographically and expanding into a new casino market will drive revenue growth in the long term.”
Fyra operatörer har hittills fått grönt ljus att utveckla spelresorter i den ryska spelzonen.
Diamond Fortune Holdings Prim bygger ett femstjärnigt hotell, kasino och nöjeskomplex på 914 miljoner USD som ska heta Selena World Resort & Casino. Diamond Fortunes vd George Kondakov sa att den första fasen skulle täcka cirka 10 hektar.
The First Gambling Company of the East, a subsidiary of Summit Ascent Holdings, which includes Macau’s Lawrence Ho, is developing a project called Tigre de Cristal. It is expected to open with 119 hotel rooms, 800 slots, 25 VIP gaming tables, 15 mass-market baccarat tables and 25 mass-market tables providing other table games.
Royal Time planerar samtidigt att öppna sin första fas 2017. Designad av Steelman Partners kommer den att inkludera ett hotell med 320 rum och ett kasino. Rashid Taimasov, generaldirektör för Royal Time, sa att den tredje och sista etappen skulle vara klar 2021.
