Tag Archives: Vladivostok
Russia – NagaCorp suspends development of its Vladivostok casino project
Cambodia-based casino group NagaCorp has announced the ‘indefinite suspension’ of its huge casino project in the Entertainment Zone of the Primorye Region near the port of Vladivostok in Russia’s Far East. The resort was being built in three phases, with the first phase which saw an investment of up to US$200m breaking ground five years…
Russia – Summit Ascent increases shareholding in Tigre de Cristal
An off-shore Russian subsidiary of Hong Kong-listed Summit Ascent Holdings has increased its shareholding in Oriental Regent Limited (ORL), the operating force behind Tigre de Cristal in Primorye near Vladivostok, by 10 per cent to 77.5 per cent in a move that will help fund the Phase II expansion of the casino. It could still…
Russia – NagaCorp remains on course for Primorye opening next summer
Cambodia-based casino group NagaCorp remains on course to open its huge casino project in the Entertainment Zone of the Primorye Region near the port of Vladivostok in Russia’s Far East next summer. The resort is being built in three phases, with the first phase which saw an investment of up to US$200m breaking ground five…
Russia – Tigre de Cristal sees GGR surge by20 per cent
An upturn in VIP gaming has helped revenues at Tigre de Cristal resort in the Russian Far East increase by 20 per cent to HK$204.6m (US$26.1m). The main contribution to the profitability of Tigre de Cristal came from the rolling chip business, which targets VIP customers from Northeast Asia. Rolling chip turnover at Tigre de…
Russia – Illegal operations forcing Tigre de Cristal to reduce its offering
Illegal operations in Russia have forced the Tigre de Cristal casino in Primorye gaming zone, close to Vladivostok, in the Far East to drastically reduce the size of its operation. Having opened the casino in November 2015, Craig Ballantyne, a Director at G1 Entertainment, which operates Tigre de Cristal, confirmed the casino had been forced…
Russia – Kangwon Land to invest in Tigre de Cristal
Summit Ascent Holdings, the Lawrence Ho funded operator behind, Tigre de Cristal in Russia’s Far East, has formed a strategic partnership with Kangwon Land, the largest gaming operator by revenue in the Republic of Korea. Kangwon Land will invest in Phase 2 of Tigre de Cristal as well as other future projects. The two casinos…
Russia – Japanese investor plans Russian casino
Iida Group Holdings, a Japanese property developer, wants to invest between $380m and $450m in developing a casino resort on an island in Russia’s Far East. The company wants to develop on Russky Island near the far eastern city of Vladivostok, with plans to recoup its investment within seven years. The project would include a…
Russia – Summit Ascent and Melco confirm Russian resort is ‘nearing completion’
Summit Ascent Holdings has said that the construction of its casino resort in the Integrated Entertainment Zone of the Primorye Region, near Vladivostok, is ‘nearing completion.’ The opening of the casino resort, which will have 119 hotel rooms, 800 slot machines, 25 VIP gaming tables, 15 mass-market baccarat tables and 25 mass-market tables, has been…
Russia – Primorye Integrated Resort set for May opening
The First Gambling Company of the East has said it will open its US$30m, four-story hotel and casino in the Russian gambling zone close to Vladivostok in the Primorye region in May with the bold prediction that the zone can emulate Macau’s success. CEO John Wang said: “Given the favourable location of Vladivostok, we are…
