Russians are building entertainment – gambling complex in Primorye region

Russians will build 700 million dollars valuable casino in catering objects in region Primorye with the help of big Chinese casino operator. Melco-company with the centre in Macau, China and management of region have signed agreement on Investment congress of Far East.

Entertaining complex Primorye will have casino with around 800 slot machines, 24 VIP and 40 regular tables, as well as hotel with 110 rooms.

It is expected that the contract will be finalized in October, and interest for investments from different companies will be rose until 2017.

In a first phase it will be invested 130 million dollars. Chinese company, Summit Ascent and New Crescent will invest 66,3 million dollars, while 24,7 million dollars will come from Taiwan company, Firich. Russian company, Pervaya Kompania Vostoka, will invest in project 39 million dollars.

Vladivostok-based Pervaya Igrovaya Kompania Vostoka, which has license for games of luck, will also work in casino and collect 3% of provision from profit.

Project partners will invest 70 million dollars in zone of games as a first payment rate.

It is expected that the complex will be open 1 600 new working positions in its earlier phases and in total 20 000 positions.It is also expected that the number of tourists will rise in that area from current 8 000 000 to 12 000 000 people a year, thanks to investments.

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