Russian company taken to court
The Russian operator Royal Time Group has been cited by the court and its plans build a casino in Primorye have been left in suspense.
Russia.- A preliminary hearing has been set for May 15 after the Development Corporation of the Primorsky Territory filed a complaint in the Arbitration Court of Primorsky Krai because they want to end the contact with Royal Time Primorye.
Vice-Governor of the Primorsky Territory Evgeny Polyansky, said back in March that companies that had contracts to create gaming projects in gaming zones outside Vladivostok needed to stick to the stated timelines. The official said that he was frustrated and that if companies couldn’t meet the times previously arranged, they would be forced to terminate the investment agreement with the subsequent payment of fines for “failure to work.”
Primorye currently features only one gambling facility, Tigre de Cristal. Royal Time’s proposal was scheduled to be open to the public this year, but as the original investors didn’t meet the scheduled deadlines, Polyansky said that they will not waver to find others. Since 2017 started, the company changed its CEO two times and cancelled one project in the Siberian Coin zone.
