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Game on a grand scale: when?

EastRussia has studied the state and prospects of the gambling zone "Primorye"

The integrated entertainment resort Primorye was to become the largest gambling zone in the country. Initially, Primorye was planned to open in 2011. But the first casino, Tigre de Cristal, only started working in November 2015. Now Tigre de Cristal is the largest hotel and entertainment complex, its second phase will soon be presented. At the same time, the owner of Tigre de Cristal, Gi1 Entertainment, remains the only Primorye resident who has implemented its plans. For the rest, everything is still “in progress” - for at least seven years. Will it turn out that resident investors will eventually abandon their plans altogether, as has already happened more than once in the recent history of the Far East, and that now occurs in the gambling zone "Primorye" - in the material EastRussia.

Game on a grand scale: when?
Photo by: tigredecristal.ru
HOUR OF GREAT GAMES

"Cambodian company Naga Corporation laid the foundation of the hotel in the entertainment resort" Primorye "- about it recently сообщили in the administration of Primorsky Krai. The same message says that a new facility of the Tigre de Cristal complex will soon be presented. The latter can be called over-the-top: the annual budget revenues from its activities amount to about 500 million rubles, and the net profit of G1 Interaction, which implements the project, as it says in the company, reached 1,7 billion rubles over the past year.

This year, the hotel and entertainment complex Tigre de Cristal Hotel & Resort received the international World Travel Awards-2018, which is called the tourist Oscar. The prize was awarded in the category "Leading Russian Resort 2018". The merits of the company in the development of the tourism industry of the Far East were also noted.

In the future, such complexes as Tigre de Cristal - including not only gaming halls, but also upscale hotels, restaurants and bars, sports and entertainment facilities - should appear throughout the territory of the Primorye IRC. The area of ​​the playing zone - 640 hectares, is the largest of the five existing in Russia: apart from Primorye, these are Krasnaya Polyana in Sochi, Azov-City in the Krasnodar Territory, Yantarnaya in the Kaliningrad region, Sibirskaya Coin in Altai Territory. It was Primorye that was supposed to open first, back in 2011. Now the Primorsky Territory Development Corporation (KRPK) names other terms for the project: the first stage - 2016 (the beginning of active work of Tigre de Cristal), the second stage - 2019, the third - 2022.

The reason for the delay is definitely not money. The KRPC pledged to attract 55,6 billion rubles for the construction of investment facilities. The corporation's area of ​​responsibility is the design and construction of engineering, transport and social infrastructure facilities. As of 2018, according to the corporation, the amount of investments in the IRK project is 15,9 billion rubles, taking into account budget investments. At the same time, the amount of investments under the investment agreements concluded is 65,7 billion rubles, and after the delivery of all free land plots, it will increase to 123 billion rubles.

Now, they assure the Primorsky Territory administration, work is underway on the projects of all investors without exception. But they are at different stages of readiness.

EastRussia help. The general developer of the project is Primorsky Krai Development Corporation. The company attracts investors, provides design and construction of engineering, transport and social infrastructure facilities. 20 thousand new jobs directly during the implementation of the project plus 30 thousand jobs in related areas is another expected result of the creation of IRC "Primorye". The amount of tax deductions from the gambling business tax based on the results of the project will amount to 3,4 billion rubles annually, while the consolidated tax will amount to about 8 billion rubles a year. The expected increase in inbound tourism after the start of full-scale operation of the gambling zone will be about 8 million people.

INFRASTRUCTURE RIDERS

"At the moment, the residents are five companies, all of them are working on their objects within the framework of the second phase of the project. According to the approved plan, in the active stage of construction today are Naga Vladivostok and Selena. The owner of Tigre de Cristal is preparing to present the design of the new building, two more investors - Russian companies Gaming Group Primorje and Shambala - will soon move from design to construction, says CEO of the corporation Igor Trofimov. According to him, by 2020, when the facilities Naga Vladivostok (an 11-storey hotel complex with a water park and a casino) and Selena (a hotel with 295 rooms, a casino with 100 gaming tables, 500 machines) will be opened, the attendance of the Primorye gambling zone will increase from the current 400 thousand to 1,2 million people a year.

In addition, he said, the Russian side is negotiating with companies from South Korea, China, and Europe. A number of them showed interest in the implementation of their projects in the Primorsky Kray.

All the planned projects will work, I am sure Andrey Sazonov, General Director of Gaming Group Primorye, one of the IRC residents.

- Now we are completing the design stage, the project is under examination, we are waiting for a positive conclusion from day to day. The Primorsky Territory Development Corporation, for its part, has already agreed on the project. We are planning to enter the construction site in September. Under investment agreements, the project will be fully implemented by mid-2022. Of course, we calculated the return on it. I am not ready to give specific figures, but I will only say that the investments will pay off in the shortest possible time, - says Andrey Sazonov.

Why not before? About the reasons for which the timing of the launch of the game zone has shifted, he says restrainedly:

- The move, indeed, was serious, for several years. Terms have moved not only here, but also for all investors. I note that this happened by mutual agreement with our developer and counterparty, that is, a corporation. There were a number of points related to the infrastructure, - explains Sazonov.

Recall, the infrastructure of the IRK is responsible for the state.
 
GAME COST CANDLE

While the prospects of the integrated entertainment resort Primorje, as well as how realistic were the initial plans related to the gambling zone, can be judged by the activities of the only resident resident - Tigre de Cristal.

When creating the game zone "Primorye" a serious stake was made on the fact that tourists, players from Asian countries will come to it, thanks to the territorial proximity.

As explained in the company "J1 Interaction" EastRussia, the flow of tourists from abroad really is. At the moment, foreign customers account for about a third of the total. Accordingly, two-thirds - Russian tourists. At the same time, not all who visit the gambling establishments of Tigre de Cristal are wealthy people. In this case, you can rather talk about mass tourism.

Now, as already mentioned, the objects of the hotel and entertainment complex receive about 400 thousand people a year. G1 Entertainment hopes that this number will grow significantly after the introduction of the new facility, which will be presented at the fourth Eastern Economic Forum in September this year. We are talking about the construction of another hotel and entertainment complex with an area of ​​100 thousand square meters (located not far from the first), designed for 500 rooms. There will also be restaurants, bars, the largest shopping center in the region, exhibition and conference halls. Thanks to this project, G1 Entertainment will open about 2 thousand jobs.

It should be noted that at the moment the investments of the Gi1 Entertainment company in the project operating in the IRC, according to the company itself, amount to about $ 800 million. According to the KRPK, the total amount of investments in the future will be more than $ 500 million, while the investor has invested $ 217 million.
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