Primorsky Krai | World Casino News

Foundation work begins on coming Naga Vladivostok facility

April 23, 2018

Latest Casino and Gambling News, Casino project updates, Russia

In Russia, the state-owned Primorsky Krai Development Corporation has reportedly declared that Asian casino operator NagaCorp Limited has begun construction on the foundations for the first phase of its planned...

Lawrence Ho Yau Lung steps down at Summit Ascent Holdings Limited

Adam Morgan

January 1, 2018

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Russia

After last month selling off the entirety of his 17.37% stake in Asian casino operator Summit Ascent Holdings Limited, Hong Kong-based businessman Lawrence Ho Yau Lung (pictured) has now resigned as the firm’s ...

Taiwanese firm buying into Summit Ascent Holdings Limited

Adam Morgan

December 20, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Russia

Taiwanese shipping giant First Steamship Company Limited has reportedly announced that it will be spending approximately $253,000 million over the coming weeks in order to acquire a 12.67% stake in Asian casino...

Craig Ballantyne to leave Summit Ascent Holdings Limited

Adam Morgan

September 6, 2017

Latest Casino and Gambling News, Hong Kong, Russia

Asian casino operator Summit Ascent Holdings Limited has reportedly announced that Craig Ballantyne will be stepping down as its Chief Operating Officer “in the next few weeks” so as to join sister firm Melco I...

Tigre De Cristal being hurt by lack of weekend room capacity

Adam Morgan

September 5, 2017

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Russia

In Russia, a lack of available rooms at weekends is reportedly harming business at Tigre De Cristal although the anticipated opening later in the year of nearby hotels without gambling may significantly help tr...

Primorsky Krai auction attracting domestic and international interest

Adam Morgan

August 29, 2017

Latest Casino and Gambling News, Casino proposals, Casino project updates, Russia

In Russia, the state-owned Primorsky Krai Development Corporation has reportedly declared that it has received inquiries from both domestic and international casino firms regarding the three plots of Far East l...

Russia hoping to speed up development of Primorsky Krai casino zone

Adam Morgan

August 17, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Russia

In Russia, the government has reportedly reacted to criticism over the lack of investment in the Primorsky Krai gambling zone by announcing that it intends to pass federal legislation to streamline the process ...

Russian court upholds decision against Royal Time Group

Adam Morgan

June 7, 2017

Latest Casino and Gambling News, Casino project updates, Fines, Lawsuits & Litigation, Russia

In Russia, a Primorsky Krai court has reportedly upheld a decision from the local government to terminate a contract that had given Kazan-based developer, Royal Time Group, permission to construct a $215 millio...

Russian casino operator seeking Crimea assurances

Adam Morgan

May 29, 2017

Latest Casino and Gambling News, Casino proposals, Russia

In Russia, the man behind two casinos in the region around the town of Azov has reportedly declared that he is interested in opening a gaming facility in the recently-established Crimea gambling zone so long as...

Siberian casino developer sanctioned for delays

Lars Jones

April 18, 2017

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Russia, Russia

Although Hein Yongli LLC won an auction for the fifth integrated casino resort to be built in the Primorye Entertainment Zone near Vladivostock, Russia, the company has failed to meet construction expectations ...

Russia may be considering sixth casino-friendly zone

Adam Morgan

February 8, 2017

Latest Casino and Gambling News, Casino proposals, Russia

Russia may be about to authorize its sixth casino-friendly zone after reports emerged yesterday that a Turkish company has been commissioned to design a seaside resort that is set to include a pair of casinos i...

Inaugural Sochi casino to hold December 31 soft launch

Adam Morgan

December 3, 2016

Latest Casino and Gambling News, Casino openings, Russia

In Russia, the first casino near the southern city of Sochi has announced that it will be holding a soft launch on the afternoon of December 31 before officially opening to the general public five days later. ...

N-Tech.Lab Limited launches FindFace Cloud API

Adam Morgan

November 25, 2016

Latest Casino and Gambling News, Technology, Crime, Russia

In Russia, facial recognition software firm N-Tech.Lab Limited has built upon the success of its FindFace service with the launch of its new and more powerful FindFace Cloud API innovation. Moscow-based N-Te...

Tigre De Cristal second phase could cost up to $500 million

Adam Morgan

November 24, 2016

Latest Casino and Gambling News, Casino project updates, Russia

After last month revealing that its Tigre De Cristal casino resort had generated gaming taxes of over $8 million during its first year of operation, operator G1 Entertainment has now reportedly declared that it...

Sochi officials award inaugural casino license to LLC Domain

Adam Morgan

November 8, 2016

Latest Casino and Gambling News, Casino project updates, Licenses, Russia

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As negotiations to bring gambling to the Crimea region of Russia continue at pace, local officials in the southern city of Sochi have this week granted a first casino operating license to a company called LLC D...