Tag: Primorye

Both analysts and Summit Ascent Holdings executives anticipate that the increased participation of Macau junket brand Suncity Group will help further expand..

A third Korean development firm has expressed interest in constructing a new IR in Russia’s special economic zone Primorye, with local officials promising “favourable conditions.” Ramid Hotels and Resorts has signed a memorandum of understanding with the Primorsky Krai Development Corporation, following in the footsteps of K International and Dongnam Industry Co. Ltd. “We have good relations with the Republic of...

South Korean company Dongnam Industry is set to invest around $30m to build a golf course and hotel in the Primorye gambling zone, following an agreement with the Primorsky Krai Development Corporation. “The Primorye integrated resort zone will attract a large number of tourists in the future due to transport accessibility and the growing interest in the Russian Far East...

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...

  While operators in Primorye have had a number of hurdles to clear, not least of all competition from illegal gaming venues, the territory’s state-owned Development Corporation is betting that the addition of horse racing to the zone’s gaming mix will spur further growth.   Russia’s far east gaming zone plans to develop a horse racing business in a bid to attract...

Lawrence Ho has trimmed his stake in the company that runs the Tigre de Cristal casino resort in Russia's Primorye gaming zone.   In a September regulatory filing, Ho informed the Hong Kong Stock Exchange that he is unloading 8.31 percent of his shares in Summit Ascent Holdings, reducing his direct holding in the company from 27.06 percent to 18.75 percent. Ho...

Russia’s Primorsky Krai Development Corp, the company in charge of developing the Primorye Integrated Entertainment Zone has announced that it is set to auction off three plots of land. The bidding process commenced on 14 July, with a deadline of 28 August for bids, with individual tender requirements on all three sites. The first parcel of land covers 7.9...

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...

A spate of illegal gambling operations in Russia has impacted the options of the Tigre de Cristal casino in the country’s Primorye gaming zone.   Illegal gambling operations in the Russian Far East have forced Tigre de Cristal casino in Primorye gaming zone to significantly scale back several of its gaming options. Tigre de Cristal opened its doors in November 2015, the...

A group of Chinese companies, Guo Wei, has expressed interest in investing in the Primorye gaming zone, according to a statement by the Primorye Territory Development Corporation. A delegation from Guo Wei, a joint venture between major Chinese companies, is reported to have visited Vladivostok on 13 December, where they visited the zone’s first casino, the Tigre de Cristal, as...

Casino developer Diamond Fortune Holdings has laid its cards on the table as it details its new project in Russia’s Primorye gaming zone.   Russia-based casino developer Diamond Fortune Holdings has unveiled its plans for the Primorye Integrated Entertainment Zone, a casino development area located 50 kilometres (31 miles) from Vladivostok, Russia’s principal Pacific port. The firm aims to develop four casino...