Russia hopes to compete with Macao with an ambitious project in Primorye area outside Vladivostok on the country’s Pacific coast targeting Beijing and China’s three northeastern provinces, along with South Korea, and Japan. To attract investors, Tax rates will be low, about $4,200 a month per gaming table and $250 per machine. By 2020, fifteen casino hotels will be built there. The first will open this year.
According to many Russian media outlets (Voice of Russia, The Siberian Times, The Moscow Times), The region’s first resort, controlled by Melco Crown Entertainment co-chairman and chief executive office Lawrence Ho, is due to open later this year. The project’s first phase is expected to cost $130m and feature a 120-room hotel offering 65 gaming tables 25 of them for VIP and 800 slot machines when it opens. A second phase would add 100 more VIP tables and up to 600 slot machines. A casino and a luxury hotel are also to be built at Ussuri Bay in the Sea of Japan, about fifty kilometers from Vladivostok.
Hong Kong listed NagaCorp, which owns the largest casino in Cambodia, says it will invest $350 million in a hotel casino complex with at least 100 tables and 500 machines, plus convention and entertainment facilities. The company says it doesn’t expect it to operate before 2018, after the opening in Phnom Pen of a major extension to NagaWorld
NagaCorp’s $350 million casino resort on Russia’s Pacific coast. (Credit: NagaCorp)