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Large investor appeared in the gambling zone in Primorye
A large Russian investor has appeared in the Primorye gambling zone. A four-star hotel with a casino and entertainment infrastructure will be built there. Negotiations with a potential partner began at the beginning of 2020.
According to the press service of KRPK JSC, an agreement on the sublease of three sites was signed with the Primorsky Territory Development Corporation this summer. The hotel room capacity at the selected sites will be at least 300. It is planned to install at least 500 units of gambling equipment. The gambling tax that goes to the budget of the Primorsky Territory directly depends on the number of tables and slot machines.
As the general director of KRPK JSC Olga Sun-zhayu said, the volume of investments in the new entertainment complex will amount to at least 10,5 billion rubles.
“The new resident chose for himself one of the most well-located sites - on a hill, practically at the entrance to the gambling zone. In total, about 14 hectares are intended for construction. The company plans to create high-class entertainment facilities, using the rich experience of implementing such projects throughout Russia. Soon the investor will tell more about his plans, ”she added.
As the director of the regional Investment Agency Igor Trofimov noted, the gambling zone project is one of the successful examples of the actual participation of foreign and Russian companies in the development of the Primorsky Territory.
“The total volume of investments in gambling zone facilities over the past eight years has amounted to almost 21 billion rubles, more than half of which are investments by private foreign companies. It is important that the existing residents are already full-fledged participants in the regional tourism market, therefore, in the future, they are interested in developing not only gambling establishments, but also the tourism and entertainment sector as a whole. This gives a significant impetus to the development of one of the priority spheres for the economy of the Primorsky Territory - tourism, ”said Igor Trofimov.
The Primorye gambling zone is part of the tourist cluster in Muravyinaya Bay. In total, within the framework of the first stage of the project on the territory of 263 hectares, it is planned to create 12 hotel complexes with a casino (from three to five stars), as well as a water park, a yacht club, a nightclub, a ski slope, a concert hall, shopping and entertainment centers, a beach area, walking and park areas.
Currently, the Hong Kong company Summit Ascent Holdings Ltd., the Cambodian Naga Corporation Ltd., as well as Russian companies: Shambala, Gaming Group Primorye and Diamond Fortune are operating in the gambling zone. Four more plots with an area of 57 hectares are open to new investors.