GGRAsia – Tigre de Cristal phase two to feature indoor beach club

Tigre de Cristal phase two to feature indoor beach club

Sep 18, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

The second phase of casino resort Tigre de Cristal (pictured) in the Russian Far East is to feature an indoor beach club and a premium shopping centre.

The information was included in a press release issued on Friday by Primorsky Krai Development Corp. The latter is a government-owned company overseeing the Primorye Integrated Entertainment Zone, a casino development area located 50 kilometres (31 miles) from Russia’s Pacific port of Vladivostok.

Tigre de Cristal is currently the only casino property in operation in the Primorye Integrated Entertainment Zone.

The indoor beach club is to feature swimming pools, artificial beaches and other recreational facilities, the release added.

Summit Ascent Holdings Ltd is the lead developer of the Tigre de Cristal. The Hong Kong-listed firm stated in its latest interim report – filed on Monday – that the firm was currently “finalising design and financing options so that we can commence construction in the spring of 2019”.

As announced earlier this month, the firm is now targeting an opening of the first stage of the second phase of Tigre de Cristal in “the latter half of 2020”. Such launch was previously scheduled to take place in 2019.

“Assuming that our own phase two project and the other future operators’ development plans remain on track, we may see the benefits of a ‘cluster’ effect as early as 2021,” Summit Ascent added in its interim report.

The document stated that phase two of Tigre de Cristal “will be geared to appeal to the foreign mass and rolling chip customer with extensive dining, entertainment, and retail facilities anchored by a large premium outlet mall.”

Phase one of Tigre de Cristal opened in autumn 2015. It features a casino, hotel accommodation, shops, a golf simulator and some restaurants and bars, according to its website.