Chinese company interested in Primorye

primorye

A preliminary hearing has been set for May 15.

A Chinese investment company revealed its interest in investing on the Russian newest gaming zone Primorye.

Russia.- As Russia is trying to develop the industry by creating multiple gambling zones, Zhonghe Linhai, an investment company from China, revealed that they’re interested in becoming investors in Primorye.

Local authorities said that the company’s president Wang Wenli, and local authorities held a meeting to discuss the arrival of the Chinese representatives to Primorye. Konstantin Shestakov, from the local tourism department, said that the four major investment companies are currently residents of Primorye. “In November 2015 the grand opening of the first hotel and entertainment complex Tigre de Cristal was held. Every day about 1000 people visit the casino, in the days of events, shows and concerts there are about 3000 people, about 30 percent of whom are foreigners. During the whole period of the complex’s work, about 400,000 guests visited it,” he added.

Despite the fact that Tigre de Cristal was forced to remove all of its poker tables because of an increase competition from gambling operators that work illegally in the country, the head of the tourism department said that the zone has been attracting investors for quite some time now. Shestakov highlighted that they’re expecting the completion of the 11-story hotel with the kayak casino by the end of 2018, and the opening of the first entertainment complex Selena of the international investment holding Diamond Dam Fort Hold in 2019. “In total, by 2022, several large entertainment complexes will be created, for the construction of which 263 hectares are allocated. The entire resort will occupy 619 acres, where tourists will be offered a wide range of entertainment services,” he added.

Wang Wenli confirmed that they’d like to become residents of the project and invest in the creation of tourist facilities on the territory of the gambling zone. “On the day of arrival in Vladivostok, we visited the first entertainment complex in Muravyinaya Bay and remained under the great impression not only from the casino, but also in general from the beauty of the place which was selected for the creation of the resort. It is important that the first complex was founded by Melco, a very well-known and respected company in China. For us, this is one of the indicators of the high status of this project,” he concluded.