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Tigre de Cristal tax revenues will be over than 1 billion rubles in 2017

         Since the opening of the first casino in the integrated resort «Primorye», tax revenues to the state budget and budget of Primorsky Krai amounted to 864 million rubles. As a result of the work, the investor received a positive financial outcome and prepares for the construction of a new facility.


        According to the data of the Tigre de Cristal Office casino for the first five months of 2017, the taxes to the budget of the Primorsky Territory and other budget structures were transferred to the amount of 289.7 million rubles. As reported in the Primorsky Territory Tourism Department, this article includes such taxes as gambling tax (53.9 million rubles), and personal income tax, environmental, transport, income tax, property tax and VAT, as well as tax social security tax.

        Head of the Tourism Department Konstantin Shestakov said that the successful operation of the first casino is an excellent indicator for future investors.«The apparent success of the first hotel and entertainment complex with casino Tigre de Cristal in the IER Primorye resort will certainly serve as a good incentive for future investors who decide to implement their projects. Real figures show that both investors and the state show a profit, and the development project of the IER is gaining momentum and has long-term prospects for successful development», - the head of the department explained.


        According to the «G1 Entertainment» (affiliated company of the Summit Ascent), since the opening, tax revenues to the state budget and budget of the Primorsky Territory amounted to 864 million rubles. Thus, by the end of 2017, the total amount of taxes will exceed 1 billion rubles. Earlier reported that by 2022 integrated entertainment resort Primorye will bring to the regional budget at least 8 billion rubles per year.

        For the construction and launch of the entertainment complex Tigre de Cristal, investors spent 7.8 billion rubles ($170 mln). According to the operators, if we are talking about the complex of 121 rooms, «this is pretty good, but if we could take in more guests, it will be more guests». The investor of the first casino this position and after launching of the first casino, Summit Ascent is already preparing for the construction of its second facility with total investment volume of $ 500 million.

        «The design plan for the future hotel complex with casinos, tennis courts and other entertainment services has already been approved in Hong Kong, at present financial and technical plans are being agreed upon. The approval of the future facility design project will take place this year», confirmed Andrey Folomeev, director of the Primorsky Krai Development Corporation JSC (PKDC JSC).


        The head of the Corporation summarized that today comprehensive efforts is being done to create three entertainment complexes, and with the support of local government an engineering and transport infrastructure is created. Also there is a joint work on the implementation of the project of construction of an entrance group by analogy with the cable bridge «Golden Bridge». Investments to the site will be funded by a resident of the gambling area.

        «We can estimate the final results of the construction of these facilities in 2019, already then the resort will acquire its unique appearance and this will be a place not only for casino players, but also a place for family recreation of people. Primorye resort will be able to become one of the most popular tourist destinations in Asia and Russia, and we are confident of the project success. Now the main thing is to realize the concept of development and follow the strategy for its implementation», said Andrey Folomeev. ,

       According to the Primorsky Krai Development Corporation in 2017 it is planned to spend an additional 49 million rubles of budgetary investments for the infrastructure. As a result it will help to increase the efficiency of spending budget funds within the project to 54.71 rubles of extra-budgetary investments for 1 ruble of allocated budget funds by 2019. The amount of extra-budgetary investments will amount to 46.4 billion rubles.

        It should be noted that originally JSC Primorsky Krai Development Corporation jointly with investors planned to invest 55.5 billion rubles into the project, but to date a number of agreements have been concluded with investors for a total of 79.4 billion rubles. At the moment with the purpose of attracting new investors PKDC announced the start procedure of an Auctionon the vacant lots: 4 lots with a total area of ​​41 hectares are free now. According to the director of PKDC, the procedure for the auction, which is tentatively planned for the end of August, is fairly simple and maximally transparent.

        «Conducting the auction we declare that we are ready to accept new residents into the project. Communication with companies allows us to identify what we need to work on, and most importantly - to dispel all the doubts of potential investors. This is the fact that the project has great prospects, details are always resolved in the negotiation process», Mr. Folomeev noted.

        We offer all kinds of benefits, help to facilitate the processing of documents and to adapt specialists to the norms of Russian legislation. We also have proposals on adjusting the law regulating gambling, they are formed and sent for consideration to the highest state authorities. Today the Primorski territory is taken under the federal patronage, which once again emphasizes the significance of the project for the social and economic development of the Primorsky Krai and the entire Far East», the director of the Corporation said.

        As everybody the resort is primarily focused on family rest, business and event tourism. The main emphasis will be placed on the tourist-recreational, cultural and congress-exhibition component. In addition to the casino, construction of hotel complexes and hotels with the accommodation of cinemas, theaters, a trade and exhibition area, a water sports zone (yacht club) and an aqua park is planned on the territory. Primorye IR will become the largest tourist cluster in the Far East - the building area will be 619 hectares.