Seven companies have expressed interest in investing a total of $1.2 billion<\/p>\n\n\n\n\n\n\n\n
Russia.- The Primorye Gambling Zone in Russia will host at least 11 casinos by 2023. The announcement was made by the regional vice governor Konstantin Shestakov during his recent visit to the future gaming zone.\u00a0<\/p>\n\n\n\n
\u201cWe have entered the final stage of constructing two new entertainment complexes with casinos in the gambling zone. An investor from Cambodia is completing an 11-story hotel with a casino and a concert hall. A Russian investor, Shambhala CJSC, will launch its casino tentatively in March 2020. Workers are already finishing the building,\u201d he said.\u00a0<\/p>\n\n\n\n
During the last weeks, seven companies have expressed interest in investing a total of $1.2 billion. There are participants from Cambodia, Russia, South Korea, Hong Kong and Russia<\/em>.<\/p>\n\n\n\n The project is supervised by Primorsky Krai Development Corporation JSC, which is the company responsible for overseeing the gaming zone. Also, they negotiate with investors and has to be close to the contractor responsible for the construction of transport and engineering infrastructure<\/p>\n\n\n\n According to the executive director, a lot of foreign and local companies are interested in the construction of casinos in the IRC \u201cPrimorye\u201d.<\/p>\n\n\n\n \u201cTwo sites are currently free for the construction of a hotel complex with a casino, and there are companies interested. We are also negotiating the creation of entertainment facilities. An application has already been submitted for the construction of a golf course and we are establishing contacts with operators of large projects from the global entertainment industry,\u201d he said. <\/p>\n\n\n\n Since the opening, the complex has already been visited by 1.5 million people. It is supposed that by the end of 2021 at least three of the eleven resorts will be operating. Seven companies have expressed interest in investing a total of $1.2 billion<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Primorye Gambling Zone in Russia is attracting significant investment, with seven companies expressing interest in a total of $1.2 billion. Two new casino complexes, including one by a Cambodian investor and another by Russia's Shambhala CJSC, are nearing completion, with Shambhala's launch anticipated in March 2020. The zone aims to host at least 11 casinos by 2023, overseen by Primorsky Krai Development Corporation JSC, and continues to seek further entertainment facility operators.","focusai_entities":"Konstantin Shestakov, Shambhala CJSC, Primorsky Krai Development Corporation JSC","focusai_location":"Russia, Primorye, Cambodia, South Korea, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Primorye Investment ROI?","query":"What are the projected Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) forecasts for the Primorye Gambling Zone, and what is the anticipated return on investment for the $1.2 billion capital deployment?"},{"label":"Regulatory Framework Evolution?","query":"How will the existing regulatory compliance and governance frameworks in the Primorye Gambling Zone adapt to accommodate the influx of new international operators and the expansion to 11 casinos by 2023?"}],"footnotes":""},"categories":[160,28,16331],"tags":[96,29,292,2255],"class_list":["post-866","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-elsewhere-news","tag-asia","tag-casino","tag-investors","tag-russia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=866"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/866\/revisions"}],"predecessor-version":[{"id":20298,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/866\/revisions\/20298"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n","protected":false},"excerpt":{"rendered":"