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Primorye gambling zone in Russia is getting a new hotel and casino complex. Primorsky Krai Development Corporation (KRPK) announced that work on the new complex construction will begin in September this year. Asia-Invest Group LLC, a renowned construction and project management company, is overlooking the construction. In October 2021, the company revealed its plans to invest up to $US 34 million into the complex.

However, the COVID-19 pandemic delayed the construction for a bit, but the plans remained on board all this time, and KRPK decided that now was the time to finally move forward and do something about the long-expected casino and hotel. One more reason that lies behind the delay is that Asia-Invest Group got the building permit which is necessary for the construction, just now, and without that, the companies couldn’t do anything to move forward.

The completion of the first stage of the construction is scheduled for August 20, 2025.

Source: https://news.worldcasinodirectory.com/casino-hotel-complex-in-primorye-about-to-be-built-construction-begins-in-september-109485

Primorsky Krai Development Corporation has revealed that it has signed an agreement with a South Korean group called Plgen Holdings for the development of a casino resort complex.

This sees the company become the first from the Republic of Korea to enter the Primorye gambling zone, which could eventually house up to 12 casino hotels; shopping, exhibition and entertainment centres; water park; yacht club; ski slope; beaches and recreational areas; restaurants; cafes; and other entertainment facilities.

It is said that the initial investment will amount to RUB 2.5bn ($23.94m), with the first phase of a “master plan” to include and casino and hotel with more than 100 rooms that will open by the close of 2025. It is estimated that gambling activities will add RUB 100m per annum to the Primorye budget.

“After the launch of the casino and the hotel as part of the first stage, we plan to continue investing,” stated Shin Il Suk, CEO of Plgen Holdings. “There is already a preliminary plan for the implementation of an integrated casino resort with a hotel and a theme park on the second site.”

Source: https://casinobeats.com/2022/03/22/south-korean-group-to-develop-primorye-casino/

Casino developer and operator NagaCorp Ltd says the company will “suspend the development” of its gaming resort in Vladivostok, in the Russian Far East. Construction works are to be suspended “indefinitely until the circumstance is clearer,” stated the company in a Thursday filing.

In February this year, NagaCorp said construction of the project in Russia was progressing.
“The construction of hotel tower block structure was completed. The contractor is constructing the roof slab of the casino podium, while the construction of the ballroom has reached level 1,” noted the company in its annual report, published last month. It also said it expected to proceed this year with construction of the fac?ade, as well as mechanical, electrical, plumbing and architectural works.

Source: https://www.ggrasia.com/nagacorp-suspends-development-of-russia-casino/

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that the first phase of the coming Shambala Casino is scheduled to open later ‘this summer’ following over two years of work.

According to a Tuesday report from G3Newswire, this venue for the Primorye Integrated Entertainment Resort zone is the brainchild of local operator Shambala CJSC and is now expected to debut its $48.8 million initial stage complete with a 55,970 sq ft casino before the end of September.

The image included in the article is actually the incomplete Naga Resort, not Shambala:


Source: https://news.worldcasinodirectory.com/late-summer-opening-plans-for-russias-coming-shambala-casino-82546