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RUSSIAN INVESTOR’S READY TO INVEST 8 BILLION RUBLES TO OBJECTS OF THE GAMBLING ZONE «PRIMORYE»

      The project of an entertainment complex in the integrated entertainment zone «Primorye» was presented to the Governor Andrey Tarasenko by the head of the Russian company «Shambala» Maxim Smolentsev. The investor plans to build a casino and a hotel.

Shambala

       He said that the company «Shambala» has been operating in the entertainment services market for almost 15 years. It’s still a resident of the Azov-City gambling zone in the Krasnodar Territory, where over the last eight years it managed to create a large regional recreation center.

      «The Primorye resort has great potential. We are ready to offer a large-scale project of a hotel and entertainment complex worth eight billion rubles. Construction of the first stage is planned to be completed within 2.5 years, the second - within 4 years. Here will be a casino with a total area of ​​16 thousand square meters and a five-star hotel with an area of ​​more than 40 thousand square meters, "he said.

     The investor added that the complex will also include restaurants, bar area, a grand buffet with an open kitchen», spa, night club with an area of ​​two thousand square meters. The concept was developed by the international architectural company AEDAS, which designed such famous objects as The Venetian casino in Macau and Marina Bay Sands in Singapore. For the implementation of the project, the investor needs two free plots of land.

      Andrey Tarasenko approved the project of the company and invited investors to take part in an auction for sublease of land plots owned by the Primorsky Krai Development Corporation.

     «You have an interesting project. The Corporation transfers the land to investors in sublease based on the results of the open auction. It will be held in May. The participant who will offer the maximum price will win. At the same time, the investor must assume certain obligations for construction. It is important for us that the resort develops, and healthy competition only contributes to it», said Andrei Tarasenko.

      Primorsky Krai Development Corporation is engaged in the creation of an engineering infrastructure - the construction of a road network, a network of water supply and water disposal, communications, power supply and heat supply of the integrated gaming zone «Primorye». Most of the facilities have already been designed, the main work is planned to be carried out in 2018-2019. So in the near future contractors will start construction of the second stage of the water supply network and several sectors of the road.

      Currently there are 10 free sites with a total area of ​​60.8 hectares. Potential investors are negotiating.  Seven investment agreements have already been concluded within the framework of the gambling zone project with a total investment volume of over 65 billion rubles.