The Primorsky Krai Development Corp (PKDC), which is responsible for management of the Primorye gaming zone, expects a key project to move ahead in May this year, despite the outbreak of the coronavirus and remains upbeat about the region’s longer-term prospects.
Russian entrepreneur Maxim Smolentsev, who formerly operated two casinos in the Azov City zone, began work on the Shambala casino project in 2018. The Shambala Company is now finishing construction, with a view to press ahead with a planned opening in May this year.
The RUB8 billion project will involve an entertainment project with a 270-room luxury hotel, a casino, nightclub, restaurants and entertainment venues. The project will open in two phases, with the first stage involving the casino to coincide with the beginning of the tourism season in the region. The casino will have 32 gaming tables and 650 slot machines.
The first stage of the resort will spread over...
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.
Information from the Statistics and Census Service (DSEC) indicated that the number of visitor arrivals grew by 9.3 percent month-to-month to 636,351 in November 2020. However, this figure represented a year-on-year decline of 78.1 percent.
A spokesperson for James Packer has reportedly denied that the Australian billionaire met with Sands China Chairman Sheldon Adelson over the New Year holidays. The super yachts of the two casino executives were moored next to each other, triggering speculation.
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.