Further growth for Primorye zone

Credits: belsa.com.ni
Credits: belsa.com.ni

The Russian gaming zone of Primorye would continue its development with two new casinos.

Russia.- International and local casino operators are allegedly interested in further developing the Russian gaming zone of Primorye. According to GGRAsia, Primorsky Krai Development Corp revealed the firm had received enquiries about at least two plots where the companies would construct new gaming attractions.

“Primorye now already has the highest [business] rates among all gambling areas in Russia. And of course we are the only one area that was recognised by the largest companies from the gambling industry, such as Melco International Development Ltd and NagaCorp Ltd as [a] potentially successful project,” Andrey Folomeev, general director of Primorsky Krai Development, revealed in an interview with the Asian news outlet.

Primorsky Krai Development Corp has already launched three independent auctions for land in Primorye that is earmarked for casino development. Furthermore, the governmental casino company has extended the deadline to present gaming projects to September 28.

“Mr Folomeev said the government forecast Primorye could attract about eight million inbound tourists per year in 2022, with no less than eight casino resorts in operation, offering at least 6,000 hotel rooms. Primorsky Krai Development expects to spend up to US$926 million in basic infrastructure development in Primorye up to 2022,” added GGRAsia.

The Primorye touristic region would be in charge of Federal Government soon, as legislators are drafting the new bill to switch the administrations. Local government currently controls the Russian area, but the federal administration decided to take over the office in order to speed up the casino plans.

In this article:
casinos gaming Primorsky Krai Development Corp Primorye Russia