Thanks to federal legislation ratified in 2009, Primorsky Krai is one of five Russian regions, along with the Kaliningrad Oblast on the Baltic Sea, central Asia’s Altai Krai, the Krasnaya Polyana area near Sochi and sections of the Crimean peninsula, where casino gambling is permitted. Although up to eight developments were initially planned for the area near the city of Vladivostok, the intervening years have seen only the Tigre De Cristal venue from operator G1 Entertainment open at a cost of approximately US$144 million.
According to a report from Asia Gaming Brief, Yuri Trutnev, Deputy Prime Minister for the Far Eastern Federal District, recently revealed that the state-owned Primorsky Krai Development Corporation is now hoping to speed things up by drafting amendments to the country’s gambling laws. He stated that these could be enacted by the end of the year and would simplify the management of future Primorsky Krai casinos.
Opened in 2015, the Tigre De Cristal venue features a casino
with 769 slots and 67 gaming tables and is expected to be joined sometime next
year by the nearby Seaside Entertainment Resorts City, which is being developed
by Cambodian firm NagaCorp Limited at a cost of around US$350 million.
Domestic operator Diamond Fortune Holdings is also hoping to inaugurate its US$900
million Selena World Resort and Casino in 2018 although the plan from Royal
Time Group to build its US$215 million Phoenix integrated casino resort is now
dead after June saw the Kazan-based firm lose its contract with the government.
Source: GMB / World Casino Directory
