CJSC Shambala is planning to build a casino in the Primorye Integrated Entertainment Resort zone in the Russian Far East.
The group currently operates Shambala Casino in Azov City, however this property will be forced to close in January 2019 following change in the law by the Russian Duma which is looking to reduce competition for the new gambling zone in Sochi.
CJSC Shambal was the only bidder for two parcels of land in the Primorye zone in an auction in late May.
The group’s new casino project – also called Shambala – represents an investment of RUB8bn ($128.5m), and will include “at least 270 hotel rooms”, while the property’s casino will feature 500 slot machines and 50 gaming tables.
The only casino currently operating in the zone is Tigre de Cristal which opened in 2015. Cambodia-based NagaCorp began pile cap work for its Naga Vladivostok project in April, while Russian-based Diamond Fortune is currently building Selena World Resort and Casino, which is expected to open next year.