Russian gaming zone Primorye is set to get a race track in order to attract more tourists to the area and will cost an estimated US$41.5 million.
Russia.- Primorye, Russia’s far east gaming zone, is attempting to increase its appeal by building a race track that would attract race betting tourism. State-owned Development Corporation of the Primorsky Territory informed that Primorsky Hippodrome JSC has been granted with resident status and will partner Russian Hippodromes JSC in order to develop the project.
The “multi-purpose investment project,” as they called it, has an estimated total price of US$41.5 million and includes two racing tracks, a 250-room hotel and other entertainment options. Plans are set to be finished and introduced by early 2018 and construction will be completed by 2020, with the development being launched in May 2021.
Primorye is set to become a leading gaming destination in the Asia-Pacific Casino market and is developing several projects at the moment, with G1 Entertainment’s Tigre de Cristal being the only casino operating so far. Naga Vladivostok, the area’s second gaming venue, is also set to open just by the time that Tigre de Cristal’s Phase II gets completed.
In order to boost tourism, the Russian government has simplified the visa regime for foreign visitors travelling to Vladivostok, which has increased the number of flights to the area. By 2022, it should be further increased as Primorye is expected to have three casinos and a racetrack working at full capacity.