Primorsky authorities welcome integrated resort

Authorities of Primorsky, one of the eastern most part of Russia, have praised the “great importance” of the Integrated Entertainment Resort zone that is to be constructed in the region.

Primorsky Territory deputy governor Andrei Larin led the welcome to the new project, as an agreement has been made for the development of another casino project in the area.

The new casino project will be called Shambala and will be promoted by Shambala CJSC, a gambling firm that operates in other parts of Russia.

It will feature “a large-scale project of a hotel and entertainment complex” involving a minimum investment of €108.4 million. In addition, it will include “at least 270 hotel rooms”, and over 500 slot machines and 50 gaming tables.

Andrey Tarasenko, governor of Primorsky, said that “to date, the number of investment agreements concluded with investors has almost reached €948.5 million,” of which “more than €135.5 million was realised already.” He also said that “after 2025 the project will bring about €135.5 million to the regional budget each year.”

Primorye is poised to become one of the world’s most important gaming areas as it still has six plots with a total area of 27.59 hectares still unoccupied. “Negotiations with potential investors are underway already,” stated the Primorsky Krai Development in a release.

Source: FocusGamingNews