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Russian investor wants to become a resident of the IER Primorye

        Russian investment company CJSC «Shambala» presented a project of an entertainment complex with a casino in front of a working group led by the vice-governor of Primorsky region Yevgeny Polyansky.

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       The general director of CJSC Shambala Maxim Smolentsev said that the integrated resort Primorye has great potential success after reaching full capacity, so the investor is interested in participating in this project.

       According to him, the company «Shambala» has been organizing gambling since 2003 and has a successful experience in creating gambling facilities. For 6 years the company managed to organize the working process of six casinos in the western part of Russia, and since 2010 it has become a resident of the gambling zone «Azov-City», opened in the Krasnodar Territory.

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       «We managed to create a large regional recreation center, where today both gambling guests and family guests come. Primorye has a lot of advantages in order to become an international-class entertainment resort. Therefore, we are interested in becoming residents of the resort.We want to propose a more ambitious project that we have done before»,said the head of the company Maxim Smolentsev.

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       The investor reported that the project of the presented complex was developed by professionals of the international architectural company AEDAS. This company designed such famous objects as The Venetian casino in Macau and the Marina Bay Sands hotel in Singapore.  

       According to the plan, the hotel and entertainment complex «Shambala» will include a casino and a five-star hotel with a room capacity of at least 250. The minimum area of ​​the improved standard room is 50 sq.m. The layout will also include a wide range of services, including restaurants, a bar area and a stage, a grand buffet with an «open kitchen», as well as a spa, a two thousand square-meter nightclub and shopping pavilions.

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       According to investors, the construction of the facility is planned in two stages. Since the accruing of rights to the land plot, the first phase of construction will take about two years. It will be the casino complex with hotel that will take almost 16 000 sq. m. The second stage is a hotel complex and entertainment sector – the construction will take about three years. The area will be about 42 000 square meters. The amount of the announced investments at the first stage is about 2 billion rubles, at the second stage - almost 8 billion rubles.

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        As a result of the presentation, the project as a whole was approved by a working group headed by the vice-governor Yevgeny Polyansky.

       «The project is interesting. It is quite worthy to become one of the objects of the resort «Primorye». I would advise paying more attention to the entertainment part of the project in order to make the new object a place of attraction for more tourists. And also it is necessary to take into account that the tourist flow to the gambling zone is continuously growing, and an additional room capacity is required. Perhaps, given this fact, you will be considered adjustments to the project», said Yevgeny Polyansky. The vice-governor also proposed to consider for the implementation of the entertainment direction a neighboring free site.

       Recall that at the moment on the territory of the integrated entertainment resort «Primorye» totally free 4 sites with a total area of 41 hectares. At present, JSC «Primorsky Krai Development Corporation» finishes the process of accepting applications for participation in an open auction for the right to conclude a sublease contract for vacant lots. As noted in the Corporation, at the moment, negotiations are continuing with foreign and Russian investment companies.