ANDREI TARASENKO DISCUSSES WITH INVESTORS THE PROSPECTS OF THE DEVELOPMENT OF THE ENTERTAINMENT ZONE «PRIMORYE»
Acting Governor of the Primorsky Territory Andrei Tarasenko met with investors of the integrated entertainment resort Primorye. The parties discussed further plans for the construction of hotel complexes and the creation of new jobs. Also, the head of the region invited investors to take part in the organization of cruise navigation.
The head of the region stressed that stability is important for businessmen investing in Russian projects. Andrei Tarasenko noted that investors should also take into account that the development of the entertainment zone should go in accordance with the approved plans and schedules, as the construction of new hotel complexes in the resort is a contribution to the economy of the region in general and new jobs for the residents of «Primorye».
Eric Landhier, the executive director of Summit Ascent Holdings Ltd. which is a shareholder of Tigre de Cristal, already working in Primorye, thanked the Governor of Primorye for the attention to the opinion of investors.
«We are pleased to resolve the issues that arise with the Administration of the region. Today, more than a thousand people work in our hotel and casino in Primorye, 97% of them are local residents. If we take the accompanying spheres - transport, food and others - our work in Primorye involves about 4 thousand people. We plan to expand our project in the region, and for this economic stability is important to us», Erik Landhier stressed.
Investors also told the head of the region that they jointly decided to create a professional association of gambling companies of the Far East. Its task will be not only to protect the interests of investors of the resort «Primorye», but also to the development of tourism in the region and the Far East in general, as well as a number of social projects. All companies that implement their projects in the resort will become members of the association. This is G1 Entertainment, Naga Corp (JSC Primorye Entertainment Resort City) and Diamond Fortune Holdings Ltd. The association will be led by Sergei Sidorov, Chairman of the Board of Directors of Diamond Fortune Holdings, and Stylianos Tsifetakis, CEO of G1 Entertainment.
Andrei Tarasenko stressed that the idea of creating an association is very timely. In addition, the Acting Governor invited the members of the association to take part in the purchase of a cruise ship that could link the ports of the Russian Far East to the ports of Japan, the Republic of Korea and China.
«Co-financing will allow you to expand your business and organize a casino aboard the ship. It will also contribute to the development of tourism in the region», Andrei Tarasenko said.
Investors noted that the proposal to organize such cruises and the purchase of a ship is quite promising.
«We are ready to consider in detail the possibility of participating in the acquisition of the vessel, to calculate the economic indicators in the near future», Sergei Sidorov said.
At the conclusion of the meeting Andrei Tarasenko emphasized that regional authorities are interested in developing business in the territory of the region and are ready to find common ways to resolve emerging issues with investors in any field, to observe previously reached agreements. This applies not only to the gambling industry, but also to other industries in which investments are currently allocated.
We remind that at the moment on the territory of the gambling zone «Primorye», in addition to the existing complex with the casino Tigre de Cristal, two more major gambling and entertainment facilities are being created: a hotel complex with a casino «Selena» (a group of Russian companies, Diamond Fortune Holdings Ltd.) and a hotel complex with a water park and casino «Naga Vladivostok» (Cambodian company Naga Corp Ltd.). The opening of new facilities is scheduled for 2019.