Asia

Primorye Territory attracts interest from gaming industry

Published

6 years ago

July 17, 2018

Niji Narayan

Primorye Territory attracts interest from gaming industry

Reading Time: < 1 minute

Russian company Shambala is primed to make a significant investment in the Primorye Territory.

Shambala, owned by local businessman Maxim Smolentsev, will develop a 16,000-square meter integrated resort complex. The plans for the facility have been submitted to Governor Andrey Tarasenko.

The company, which took part in a land auction in May, was flushed out of Azov-City after the federal government chose to close the gaming zone but has over 15 years of experience in the industry. It has proposed a casino with 500 EGMs and 50 gaming tables, next to a five-star hotel with 270 rooms and a nightclub, after a US$128.6 million investment.

Shambala will take one of the nine plots remaining in the territory, leaving only eight others up for the taking as it begins construction work next September. The building’s design was created by international architectural company AEDAS, designers of The Venetian casino in Macau and the Marina Bay Sands in Singapore.

Source: focusgn.com

Related Topics:

Up Next

LaBa360.com signs partnership with RTG Asia

Don't Miss

Rivers Casino posts gains in first half of 2018

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.