Diamond Fortune starts building new Primorye IR

Diamond Fortune
Share this article

Casino operator Diamond Fortune Holdings has broken ground on its new project in Russia’s far east Primorye gaming zone.

It is over a year since Diamond Fortune unveiled its plans to build Selena World Resort and Casino, a $900m resort casino complex in the Primorye zone outside of Vladivostok but a news report on the Primorsky authority’s website states that construction has now commenced.

The website quoted Diamond Fortune CEO Yevgenia Varakina as saying that the company had “received the necessary permits and started the active phase of operations.”

Varakina noted that the company’s development agreement calls for Selena’s first phase to open in 2020 and she emphasised that Diamond Fortune would “make every effort” to ensure that Selena’s first phase opens in 2019. The project’s second phase will follow in 2022.

The Steelman Partners-designed Selena’s first phase is expected to feature a 295-room hotel, as well as a casino floor hosting at least 100 gaming tables and 500 electronic gaming machines.

Once all its phases are completed, the Selena project will occupy 174,000 sq m, with two hotels, in addition to a spa, restaurants and retail shopping options.

Privately-held Diamond Fortune was established in 2010. The firm previously announced that it plans to develop a total of four projects in the Primorye Zone.

Share this article