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11 Casinos to open in East Russia by 2023


11 Casinos to open in East Russia by 2023

Not one or two, but 11 casinos are expected to be open in far East Russia by the year 2023. The acting regional vice Governor Konstantin Shestakov has confirmed that a total of 78.5 billion Russian Rubble ($1.2 billion) has been invested in the region from seven different countries including Russia, Hong Kong, China, the Kingdom of Cambodia, and South Korea. And three of these eleven casinos will start operating by the end of 2020.

While explaining the structure of the casino, the acting Governor said, “We have entered the final stage of constructing two new entertainment complexes with casinos in the gambling zone. An investor from Cambodia is completing an 11-story hotel with a casino and a concert hall, while a Russian investor, Shambhala CJSC, will launch its casino tentatively in March 2020. Workers are already finishing the building.”

All the work on site is currently being handled by Primorsky Krai Development Corporation JSC. According to Shestakov the constructionis following the schedule and within next four year he has assured that they will have 11 casino sites.

The Primorye Gambling Zone and the Russian government are expecting the casino development to become a major tourism draw. They have already started promoting the project and their main target group is Japanese tourists. Vladimir Putin, the Russian President has worked a lot since the annexation of Crimea in 2014, on developing this region as a great gambling hub and holiday tourist attraction.

As of now, there are four regional sites in the Russian Federation that have been authorized for gambling. These sites are Altai, Krasnodar, Kaliningrad and Primorsky. Another region Crimea has also sought to become an additional region for gambling but has not received the proper support to create interest in development.

Since the opening of Tigre de Cristal in 2015, the casino has already brought a half a billion rubles per year. And that is why govt is showing an urgency to develop these regions as soon as possible.