Reports RUSSIA - MARKET REPORT
least 10 gaming tables in an area of at least 800sq.m. Twelve years later the special gambling zones include:
‘Primorye’ (Primorsky region) was the first and largest gambling zone which opened up in 2015 and today is the only zone which has attracted international investment. It is about 70km from Vladivostok and geographically is located near to Asia via a two hour flight. Te area currently boasts the entertainment complex Tigre de Cristal which holds 300 slots and 40 plus table games.
Tigre de Cristal was opened by Summit Ascent
‘Primorye’ was the first and largest gambling zone which opened up in 2015 and today is the only zone which has attracted
international investment. It is about 70km from Vladivostok and
geographically is located near to Asia via a two hour flight.
Cooperation and Tourism Development of the Primorye Region.
‘Krasnaya Polyana’ (Sochi) is a gambling zone which holds the Sochi Casino & Resort opened in January 2017 at the ski resort Gorky Gorod. Te casino holds 46 gaming tables, 442 slots, two restaurants, cabaret, bar, business events hall and retail outlets. Te operator is LLC Domain headed by Mikhail Danilov and the company is owned by Silverron International in Singapore.
At the end of 2017 the Bonus Slots hall opened in Gorki Gorod with over 170 slots which was set
Holdings (a subsidiary of Suncity Group Holdings).
Tigre saw big losses for the first half of last year after closures during the pandemic. However 2H 2020 saw a profit of US$1.3m reversing a loss of US$6.1m for 1H 2020.
Te second complex which opened in the region, in October 2020, was the Shambala Casino (owned by the same Shambala operators in Azov City).
Meanwhile in 2016 Naga Corp began the
construction of a second complex in the region with casino and aqua park.
Te Naga Vladivostok project will include a four star 11 storey hotel with 279 rooms, gaming halls and concert hall and costing around $350m. It’s seen several delays particularly being unable to bring in Chinese workers due to the pandemic restrictions and is not expected to open until end of this year for the first phase of opening.
Tere are plans to open 12 hotel complexes with casinos in this region. Te gambling zone is regulated by the Department of International
up as an affordable alternative to the more high end Sochi Casino. Tis was followed by the Boomerang Casino which opened in January 2019 in the ski resort of Rosa Khutor by the same owners as Sochi Casino. Boomerang casino has 200 slots and 20 table games.
Since the first casino opened in 2017 the gaming zone has seen over one million people from 155 countries visit.
Te gambling zone was previously allocated 650km away in Azov City (in the Krasnodar region) which since 2010 had been operating
WIRE / PULSE / INSIGHT / REPORTS P255
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