Tag Archives: Gaming Zone
Russia – Primorye looking for more casinos to fly the flag for Russian gaming
The Primorsky Krai Development Corporation has said the Primorye gambling zone in Russia’s Far East is on track to host 12 casino resorts with plans for the second phase of the project amounting to investments of more than US$2bn. Primorye Corporation Executive Director Igor Trofimov was at the recent G2E Asia in Macau pitching for…
Russia – Russian Prime Minister denies Sochi casino link
Russian Prime Minister Dmitry Medvedev has refuted a report that he backs the development of a gambling zone in Sochi, the Black Sea resort city that will host the Winter Olympics later this year. Local newspapers claimed that Prime Minister Medvedev brought the subject up at a meeting looking at ways of offsetting losses for…
Russia – Melco to own just five per cent of Primorye’s Oriental Regent
Melco International Development has now confirmed its financial commitment to the Russian gaming zone to take shape in the far eastern Primorye Region close to Russia’s border with China. It has also confirmed it will own just five per cent of the project. It said it would invest HK$514.1m in a 51 per cent stake…
