Apr 23, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  
Cambodian casino operator NagaCorp Ltd has begun pile cap work for its casino resort in the Primorye Integrated Entertainment Zone near Vladivostok in the Russian Far East. That is according to a Friday press release by the Primorsky Krai Development Corp.
Primorsky Krai Development is a company owned by the local government, and that is overseeing the Primorye Integrated Entertainment Zone, a casino development area located 50 kilometres (31 miles) from Russia’s Pacific port of Vladivostok.
“The work will take about three months; in parallel the investor will begin erecting a skeleton for the hotel building,” the release stated.
The document said the first phase of the project will include a 279-room hotel, casino and a conference hall. It added that the second phase of the casino resort was to be completed by 2022.
NagCorp chairman Tim McNally said last month that the group’s Primorye casino resort remained “broadly on schedule” for operation by 2019.
The only company that has so far built a casino in Primorye is Hong Kong-listed Summit Ascent Holdings Ltd. It opened phase one of its Tigre de Cristal resort in autumn 2015.
That firm is currently working on plans for a phase two of Tigre de Cristal. Primorsky Krai Development said in its Friday release the phase two plan was scheduled for presentation to the local authorities “in July-August 2018”.
A third investor, Diamond Fortune Holdings Prim LLC, reportedly began last year ground preparation for its first casino resort in Primorye. The firm – backed by Russian investors – plans to open the first stage of the project, named Selena World Resort and Casino, in 2019, according to the latest release by Primorsky Krai Development.
May 25, 2023
May 19, 2023
Jun 01, 2023
Jun 01, 2023
Jun 01, 2023
Casino operator Las Vegas Sands Corp expects its Marina Bay Sands (MBS) property in Singapore to soon hit the US$500-million mark in terms of quarterly earnings before interest, taxation,...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We’re interested [in entering Thailand], we’re looking… but it’s early days”
Robert Goldstein
Chairman and chief executive of casino operator Las Vegas Sands