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Chinese gamblers the main target for Russian Casino

Wednesday May 23, 2012 : ASIAN PUNTERS THE ATTRACTION FOR A RUSSIAN CASINO IN VLADIVOSTOK
 
Grand plans for remote industrial city
 
There are ambitious plans afoot for one of the four remote areas designated by the Russian government as legalised gambling areas , with avid Chinese gamblers the main target for a major gambling resort complex in the largely industrial and naval city of Vladivostok, a two-hour flight from South Korea and Japan.
 
The hope is that investors in booming Macau and Singapore gambling venues will see the additional opportunity that Vladivostok represents due to its proximity to China, reports the Reuters news agency.
 
Russia's state-owned Nash Dom Primorye is set to announce at the Global Gaming Expo in Macau today (Wednesday) that it is seeking private investors and companies to build casino resorts in a six square kilometre area near Vladivostok.
 
Known as the Integrated Entertainment Zone, the project has space for roughly five large resorts.
 
A report from research firm Gaming Market Advisors estimates the zone could rake in revenues of $2 to $7 billion when completed. By comparison, Singapore's casino area which is similar in size, took in more than $5 billion in 2011.
 
Nash Dom Primorye has appointed Las Vegas-based Galaviz and Co as lead strategic adviser for the tender, which will be initiated in June, giving potential international operators 60 days to send in a pitch and budget estimates. The government will then enter into discussions with potential investors by the end of October.
 
Marina Lomakina, general director of Nash Dom, told Reuters in an interview she hoped the zone would be fully completed within five years.
 
"We want companies who are well known and will help create amenities that are more than just casino gaming," she said, adding that the zone would require a total minimum investment of $2 billion from private investors looking to develop properties.
 
The masterplan includes luxury hotels, a yacht club, shopping malls as well as outdoor sports such as golf. As it stands now, the zone is 2.6 square kilometers, but can be extended to six square kilometers.
 
Reuters reports that the Russian port city has invested $7 billion over the past five years to develop infrastructure, including a new airport, bridges that resemble San Franscisco's Golden Gate and a new university. It is constructing more roads and transport links for the resort zone.



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Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

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MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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