Friday, July 20, 2018

Russia

Shambala unveils Primorye plans as land auctions resume

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.

Max Smolentsev

CEO of Shambala, a Russian casino operator. The company owns two casinos in the Azov zone, which will be closed down from 2019. The...

Former Royal Time Group head declared bankrupt

Rashid Teymasov, the former head of Royal Time Group has been declared bankrupt, while the company he headed has exited all projects in other...

Shambala to build new entertainment complex in Primorye

Russian casino investor Shambala has announced plans to build a 16,000 square meter entertainment complex in Primorye after winning an open auction for two...

Russia online payment law takes effect

The law banning Russian credit institutions and any payment systems working on Russian territory from transferring money from individuals to illegal bookmakers, casinos and totes has come into effect in the run-up to the World Cup.

Russian gambling tax revenues up 27 pct in 18Q1

Tax revenue from Russia’s five gaming zones increased 27 percent year-on-year in 18Q1, with a total of RUB 189.15 million (US$3.2 million) in taxes...

NagaCorp brings on Chinese railway company

Cambodia-based casino operator, NagaCorp has commissioned a Chinese railway company to build a 380 km high-speed railway linking Vladivostok and Mudanjiang, according to reports....

Red tape kicks World Cup prospects

Russian bookmakers are hoping for a bonanza from the FIFA World Cup, which will be held in the country less than two months from...

Investors dodge tax bullet, discuss development plans

Operators in Russia’s Far East have won a reprieve from a potentially punishing new tax region and are now discussing further development plans with...

Tigre De Cristal second phase to focus on non-gaming

G1 Entertainment, the company behind Tigre De Cristal, is planning its second stage of the casino resort which is said to focus on non-gaming...

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Lawyers’ association says lifting casino ban threatens Japan’s legal order

The Japan Federation of Bar Associations has renewed its opposition to lifting the ban on casino gambling, describing the legislation as something that might threaten the underpinnings of the nation’s legal order.