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Local Name:
Приморская интегрированная развлекательная зона
Budget:
$1.2B
Announced:
Construction Start:
Opening:
2024
Area:
619 ha
Consultants:
Designers:
Contractors:
Ride Suppliers:
Other Suppliers:
  1. That's old concept art. The actual structure Naga is building right now looks very different.

  2. A better image of the concept art we had seen previously on the billboards.



    Source https://www.asgam.com/index.php/2021/02/10/primorye-to-help-nagacorp-resume-construction-of-russian-casino-resort/

  3. mrg
    mrg is offline resortX Top Investigator
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    The Government of Primorye will help Hong Kong-listed NagaCorp resume construction of Russian casino resort near Vladivostok in the coming months by pushing through permits for foreign workers.

    According to Konstantin Shestakov, Director of Primorsky Territory’s Tourism Department, the government is keen to see progress resume on development within the Primorye gambling zone, home to Summit Ascent’s Tigre de Cristal and the recently opened Shambala.

    NagaCorp’s Naga Vladivostok is one of two more casinos due to open in 2021 alongside Diamond Fortune Holdings’ Imperial resort.

    “Due to the situation with COVID-19, [Naga] was unable to bring the workers of its contractor from China,” Shestakov said this week. “We hope that with the support of the Government and with the stabilization of the situation in the world, the investor will be able to complete the construction of a wonderful facility.“

    Shestakov confirmed that NagaCorp has completed around 60% of construction of Naga Vladivostok Phase 1, set to include a casino and concert hall within an 11-storey hotel complex, plus a water park. It was also claimed that NagaCorp has so far spent around US$84 million of it planned US$150 million Phase 1 investment.
    https://www.asgam.com/index.php/2021/02/10/primorye-to-help-nagacorp-resume-construction-of-russian-casino-resort/

  4. ResortsAhoy is offline resortX Top Investigator
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    The Russian subsidiary of Hong Kong-listed Summit Ascent Holdings Ltd will increase its stake in Oriental Regent Limited (ORL) – operator of Tigre de Cristal in the Primorye Gambling Zone near Vladivostok – by 10% to 77.5% as part of a fund-raising exercise for the casino’s Phase II expansion.
    Suncity Group had previously stated that both the share acquisition and share subscriptions, “can be interpreted as a strong support from the major shareholder Suncity. This is also an indication that regardless of Tigre de Cristal’s existing shareholders’ financial statuses, Phase II will go ahead from blueprint to brick and mortar as planned.”

    Phase II will double the total size of Tigre de Cristal and triple the number of hotel rooms, with Suncity noting there are little restrictions on how many gaming tables and slot machines allowed under its casino license.
    Source: https://www.asgam.com/index.php/2020/11/17/summit-ascent-to-increase-tigre-de-cristal-stake-to-77-5/

  5. mrg
    mrg is offline resortX Top Investigator
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  6. ResortsAhoy is offline resortX Top Investigator
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    Investment is being sought from a number of regions outside of Russia according to this article. It looks like some of the initial resort projects failed to find funding until external investors were brought in more recently.



    The implementation of the project of the integrated entertainment resort (IRK) "Primorye", despite the difficulties with the pandemic, is proceeding smoothly. Last week, the official opening of the second casino took place, the investor of which was a Russian businessman; next year, an investor from Cambodia is expected to open a casino, according to IA PrimaMedia.

    At the moment, there are three vacant land plots left in the Primorye IRC, one of which is being negotiated with potential investors, Deputy Prime Minister of the Primorsky Territory Konstantin Shestakov said in an interview with Interfax-Far East.
    The authorities of Primorye count on the participation of investors from Japan in the gambling zone, who have not shown much interest in the project so far.

    "They continue to invest in us (the gambling zone - editor's note). And foreign companies are investing in us - this is important. Koreans are investing in golf, investors from China, Cambodia are investing in hotels. Let it be so. I would like it to be on our investors from Japan have appeared on the market. Negotiations are underway on one of the sites, we are in the process, "Shestakov told Interfax.
    Source: https://primamedia.ru/news/1012509/

  7. Researcher is offline Curious Chap
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    Russia’s planned version of the Las Vegas Strip will finally open its second resort, the Casino Shambhala. Operations will commence this Friday, Oct. 16.
    The casino cost RUB3.5bn ($45m)?and offers the players 56,000 square feet of gaming space, as well as three dining locations and a theatre.

    The second phase of the construction should begin in 2022; with the additional construction, the project should cost RUB8bn ($11.5m) in total and will include several hotels, a conference hall, a golf course, and even amusement and water parks.
    Sources:
    https://www.asgam.com/index.php/2020/10/14/russian-casino-shambhala-to-hold-grand-opening-this-friday/
    https://www.casino.org/news/russias-version-of-las-vegas-strip-opening-second-casino-resort/
    https://www.gamblinginsider.com/news/10203/shambhala-casino-set-to-open

  8. ModernTimes is offline Curious Chap
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    Shambhala casino is almost completed and due to open as early as this summer!







  9. ModernTimes is offline Curious Chap
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    Infrastructure construction is in full swing. These roads will connect Tigre De Cristal with the Shambhala and Naga resorts. Adjacent to the two latter is a beautiful beach which is already in use by the locals.






  10. ModernTimes is offline Curious Chap
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    Jun 2020
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    Naga Vladivostok appears to be on hold. There is no construction activity on site. Maybe due to the coronavirus lockdown? Naga is a Cambodian company and all commercial flights in and out of Russia have been cancelled since end of March.









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