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 land plots in the zone, local media reports.
The complex will include a casino with 500 EGMs and 50 gaming tables, as well as a five-star hotel with 270 rooms and a spacious nightclub.
According to local media, investment in the project is estimated at RUB 8 billion, (US$128.6 million), with design works to begin in September 2018.
There are currently eight remaining unoccupied land lots in the region, which the Primorye Territory Development Corporation intends to auction off in the future.
The Shambala company, owned by Russian entrepreneur Maxim Smolentsev, currently owns and operates two casinos in the Azov-City gambling zone which are due to close by the end of the year.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Thailand is taking tough measures to fight online gambling by warning internet service providers and cellphone operators of legal action if they fail to block access to gambling websites.
On 3 April 2020, the Ministry of Home Affairs of Singapore (MHA) announced that it will be reconstituting the Casino Regulatory Authority (CRA) to establish the Gambling Regulatory Authority (GRA) by 2021. The GRA will have an expanded mandate to regulate the entire gambling landscape in Singapore and aims to consolidate and optimize gambling regulatory resources within a single agency.
The Macau Civil Servants Association has urged Chief Executive Ho Iat Sent to encourage the other five gaming operators to follow SJM Holdings in providing a "reward" to employees early in the New Year.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
