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Type: Posts; User: Natalia Gl

  1. Posts
    Asian casino operator Summit Ascent Holdings Limited has announced that the planned $200 million expansion of its Tigre De Cristal development is being postponed to ‘no earlier than 2025’ due to a raft of ‘economic uncertainties’.
    According to a report from GGRAsia, the Hong Kong-listed firm declared that these insecurities regarding the 121-room property in the Primorye Integrated Entertainment Resort zone include ‘the continual negative impact of the coronavirus pandemic, particularly restrictions on international travel’ as well as the ‘aggressively escalating economic sanctions’ against Russia.
    Summit Ascent Holdings Limited reportedly moreover asserted that its Tigre De Cristal venue is continuing to operate despite the ever-tightening sanctions.

    The government of Primorsky Krai has passed legislation to extend a range of tax relief measure for local casino operators by a further six months. It has now prolonged this mitigation as the region struggles to attract investment and visitors.

  2. Thread: Eden Project North

    Post by: Natalia Gl
    Eden Project North will have three main areas:
    - Above the Bay: an environment filled with plants and art exhibits
    - Below the Bay: an immersive series of theatrical experiences that bring to life lunar rhythms and tides
    - The Natural Observatory: the home of Eden Project North's research and education programmes

    This new attraction should be able to hold up to 4,000 visitors a day.

    Who will be awarded the work to build the project?
    Eden has a strong local sourcing philosophy, as demonstrated in Cornwall, and where possible we will aim to employ local companies to do the work. In total, we are looking at around 2,000 construction jobs and in our tender documents, we are aiming to guarantee a minimum of 80% local labour and suppliers. More information will be shared on this once funding is achieved

    The developer behind the Morecambe scheme will bid for £50m from the government’s Levelling Up Fund and put £70m of private funding towards developing the project, having already secured £5m from partners. The bid is expected to be submitted by July, 4th. UK Prime Minister, Boris Johnson said the government officials will keep working with the Eden Project on the plans for the £125m scheme, which was granted planning permission in January.

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