The concept of a casino and entertainment hub in Russia’s Far East will take a further step towards fruition this summer with the expected opening of the Shambala Casino.
It will be the second integrated resort in Russia’s Primorye gambling zone, with a further property being developed by Nagacorp likely to open next year.
The Shambala casino is being built by businessman Maxim Smolentsev, who already operates a casino in Russia’s Azov City zone.
So far, 3.5 billion rubles have been invested in the Shambhala resort out of a total projected cost of 8 billion rubles. The second stage will begin in 2022 and will feature a five-star hotel with 270 rooms, a spa area, a banquet hall and a conference hall.
The main gaming hall will occupy an area of 5200 sq. m, which is more than other casinos in Russia.
“In the short term, we see the Primorye IRC as a pan-Asian...
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
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.