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G1 Entertainment, Kangwon prepare for Primorye casino

Summit Ascent Holdings’ G1 Entertainment says it is currently preparing for its second gaming facility, which will be in partnership with South Korean casino operator Kangwon Land, according to a report on the local government website.

"There are plans to build a facility of 100,000 square meters, including 400 to 500 hotel rooms... At the moment, the project is being prepared for defence [presentation], and the size of investments will amount to 500 million dollars," G1 executive director Craig Ballantyne has said, adding that the project will be presented sometime this year.

Ballantyne also noted that G1's first gaming project, the Tigre de Cristal casino, received over 316,000 visitors since its opening in the fall 2015.

Last year, Summit Ascent Holdings Ltd entered into a non-binding agreement with Kangwon Land Inc for “potential areas of cooperation and strategic partnership” in Primorye.

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