Primorsky Krai Development Corporation (JSC) performs the function of the general developer Integrated Entertainment Resort territory, it carries the task of attracting investors and provides design and construction of engineering, transport and social infrastructure.
Andrei Folomeev is the director general of Primorye Territory Development Corporation.
The Primorye Development Corporation is interested in attracting investors who can enter the region with interesting projects. The main objective is to create an attractive infrastructure for tourism and recreation that can complement the existing gambling operations.
The Primorye Development Corp. has reiterated that Russia’s largest IR to date will open imminently, but that no specific date has been set.
The Primorsky Krai Development Corporation has signed an agreement for a joint venture with a Russian subsidiary of China's state-owned energy company Sinomec as part of the Eastern Economic Forum in the Russian city of Vladivostok.
The Primorye Development Corporation has filed an appeal to terminate an agreement with Prim Golden Gate LLC, owner of an investment project in the Primorye gambling zone, local media reports. The corporation’s appeal to a local court is due to be considered in September. According to court materials, the corporation wants to terminate the agreement […]
The Primorsky Krai Development Corporation and local investors outlined plans for the Primorye gambling zone during G2E Asia 2019, which was held last week. In 2020, the second phase of the Primorye project – a large-scale entertainment resort is due to be completed in the Muravyinaya Bay. At least 12 hotel complexes with casinos, as […]
Russia’s Primorye entertainment zone has just held a new round of bidding for land plots, attracting a major investor with plans for a 16,000-square meter integrated resort complex. Russian businessman Maxim Smolentsev, who heads Shambala, presented its plans to the governor of the Primorye Territory Andrey Tarasenko earlier this year and then took part in […]
Russian investor Diamond Fortune Holdings Prim has begun construction of the hotel and entertainment complex, Selena World Resort and Casino, in Russia’s far eastern Primorye gambling zone. According to the Primorye Territory Development Corporation, the company has already concluded the pre-construction activities and even intends to complete the construction ahead of schedule. Diamond Fortune Holdings […]
Cambodian casino operator NagaCorp is nearing the stage of laying the foundation for the Mayak entertainment complex in the Primorye gaming zone, according to local authorities. “The active phase of the construction began in April as it was planned earlier,” said Andrei Folomeev, a director general of Primorye Territory Development Corporation. “As of now, the […]
A fifth investor in the Primorye gambling zone, Khayna Yunli Company, has reportedly withdrawn from its project and paid a penalty to the local development authority, Betting Business Russia reports. It is understood the company has paid the Primorye Territory Development Corporation a compensation of RUB100 million (US$1.8 million) for a no-show at the construction […]
The Primorye Territory Development Corporation is seeking to terminate its agreements with Royal Time Primorye, as a result of the latter missing its construction deadlines, Russian media reports. The court filing was made on April 5 in the regional arbitration court. Earlier, Primorsky Territory Vice-Governor Evgeny Polyansky said that residents of the Primorye gambling zone […]
A group of Chinese companies, Guo Wei have expressed interest in investing in the Primorye gambling zone, according to the Primorye Territory Development Corporation. The delegation reportedly visited Vladivostok on Tuesday, and were shown the Tigre de Cristal casino, as well as land lots of other investors, where construction works are currently under way. The […]