Saturday, August 13, 2022


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Korean firms eye Primorye zone


Three firms from South Korea are eyeing projects in the Primorye gambling zone in Russia’s far east, with Summit Ascent, the region’s only existin

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Shambala unveils Primorye plans as land auctions resume


Russia’s Primorye entertainment zone has just held a new round of bidding for land plots, attracting a major investor with plans for a 16,000-square

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Ensuring a stable business environment a priority: Promoter govt


The Primoyre government confirmed it will not double gambling taxes and said it plans to soon hold new auctions for vacant land plots. The bill was pa

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Russia does u-turn on casino tax collection


Russia’s parliament has pushed through a law that will exempt casinos from the need to deduct taxes from their clients’ winnings. The law was sign

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Lawrence Ho divests Summit Ascent stake


Lawrence Ho said he is selling off his entire stake in Summit Ascent Holdings, shortly after the Russian government announced changes that could poten

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NagaCorp moves forward with Primorye development


Cambodian casino operator NagaCorp is nearing the stage of laying the foundation for the Mayak entertainment complex in the Primorye gaming zone, acco

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Russian investor opts out of Primorye


A fifth investor in the Primorye gambling zone, Khayna Yunli Company, has reportedly withdrawn from its project and paid a penalty to the local develo

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Naga eyes 2019 debut for Russia project


Hong Kong-listed NagaCorp said its IR project in Vladivostok, Russia, remains “broadly on schedule for operation by 2019.” In a commentary in its

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Chinese company to build resort in Primorye


A Chinese company, Chongqing Tianci Hot Springs, plans to build a resort in Primorye in Russia's Far East, according to regional authorities in a stat

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NagaCorp to begin construction of Primorye resort


Cambodian casino operator NagaCorp will start construction of its first gaming facility in the Primorye gambling zone in Russia's Far East in November

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Primorye sees $1.7 billion in total investment


Primorye Territory Development Corporation CEO Andrey Folomeev has reported total investment in the Primorye special gaming zone amounts to RUB113 bil

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Tax revenues in Primorye to hit RUB165 million in 2016


Russian authorities are expecting tax revenue at the Primorye Integrated Entertainment Zone to reach RUB165 million (US$2.5 million) in 2016, and 700

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Diamond Fortune reveals plans for Selena World Resort, located in Primorye zone


 Russian-casino developer Diamond Fortune unveiled its plans for its US$900 million Selena World Resort to the Primorsky Territory Administration las

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Half of all Tigre Casino’s visitors are from Asia, John Wang says


John Wang, CEO of First Gambling Company, told Russian news agency Prima Media that over 50 percent of Tigre De Cristal’s casino visitors since open

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Fifth investor in the Primoryre gaming zone revealed


A new - fifth - investor in the Primorye gaming zone has been finally revealed in the protocol of the Russian Corporation for Development of the Far E

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Primorye sets new conditions for future investors


Future investors in the Primorye gambling zone in Russia’s Far East will need to make a special contribution worth about 1.5 billion roubles ($23 mi

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Oriental Regent to buy nearly $200,000-worth of gaming products from Dolphin


Dolphin Products and Oriental Regent have entered into an agreement for the latter to purchase “Additional Gaming Products” from Dolphin for a cas

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Russian authorities to introduce new conditions for investors


In a bid to speed up the construction of the Primorye gaming zone, Russian authorities have decided to introduce new conditions for investors, local m

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First casino at Primorye opening date delayed


The launch of the first casino at Primorye gaming zone, which was set to open on September 1, has been postponed yet again due to "slow construction w

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