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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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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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