Primorye gambling zone builds up momentum

Plans for Primorye Gambling Zone,

Primorye gambling zone: After years of stagnation, plans for a gambling zone  designed to tempt wealthy Asian and domestic tourists into Russia’s Far East finally look like getting off the ground after the First Gambling Company of the East announced that it is to open a a four-story hotel and casino 50 km from Vladivostok.” he said. Just a few hours’ flight from Tokyo, Seoul and Beijing, the new gambling zone will strive to attract gamblers from across Asia as well as Russia. The regional government has already signed investment agreements worth a total of $1.4 billion with Cambodia-based NagaCorp, Hong Kong-listed Melco International Development and others, Alexander Chkheidze, deputy head of the state corporation in charge of the project, said at the meeting. Two further investment agreements worth a combined $799 million are to be signed with domestic firms Royal Time Group — which has already seen success in Azov-City, Russia’s single operational gambling zone — and The First Gambling Company of the East, Chkheidze added. The Moscow  Times