The Asia Gaming Brief reported in Macau last week that Yuri Trutnev, deputy prime minister and plenipotentiary of Russia’s Far East Federal District, made comments to Russia’s TASS news agency regarding the transfer of control of gambling houses. 슬롯
Citing TASS, Asia Gaming Brief reported that the deputy prime minister explained that “the gaming zone in Primory is developing slowly, and recently held a meeting that decided to file a lawsuit against four of the two investors (in the zone).”
G1 Entertainment LLC, which is developing a Tigred Crystal Casino Resort in Russia’s Far East, has already built a hotel and has been slow to pursue its second phase of business, according to Trutnev, while Hong Kong-listed firm Summit Ascension and Holdings Ltd, controlled by Melco and Entertainment Limited Lawrence Ho, has a majority of G1 Entertainment.
Meanwhile, Trutnev explained that the need for archaeological excavations at the site has also delayed the start of construction by Cambodian casino operator Nagakov. “Now they are confident to us that they will start working this year and execute the project quickly,” said Trutnev.
“There is therefore land for three additional inhabitants (in this area), one remaining unallocated and the other two to be recovered,” Trutnev added. We know that we are interested in both the investors who already exist and other investors in the territory of the Russian Federation, as quoted by the Asia Gaming Brief.
Trutnev also reportedly said he wants companies with world-renowned and vast experience to compete for the project.
“Today’s trip is a ‘road show’ that talks about new steps in implementing the project, and we will accept it under federal sponsorship,” Trutnev told TASS.
Currently, there is one operational integrated resort in the entertainment zone. Summit Ascent opened the Tiger de Cristal property in 2015, and the other is under construction by Naga Corp Ltd., which operates Naga World in Cambodia.
The company, which broke ground on a $350 million beach complex resort, announced in March that it was “scheduling its operations extensively.”
Recently, the Maritime Arbitration Court confirmed the decision to terminate the Maritime Gambling Zone Corporation’s contract in connection with a delay in the construction of the Phoenix Resort project, which began construction with Royal Time Primory, a subsidiary of casino operator Royal Time Group.