Primorsky Krai | World Casino News

Primorsky Krai extends casino tax relief measures as sanctions begin to bite

April 21, 2022

Gaming Law & Legislation, Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Russia

As international sanctions begin to bite and the government for the Russian territory of Primorsky Krai has reportedly passed legislation to extend a range of tax relief measure for local casino operators by a ...

Under-construction Naga Vladivostok set to receive local government help

Adam Morgan

February 10, 2021

Casino proposals, Casino News, Latest Casino and Gambling News, Casino openings, Casino project updates, Gaming Industry News, Economy/Finance, Labor Relations, Russia

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that it is to help casino operator NagaCorp Limited speed up construction on its $350 million Naga Vladivosto...

Late-summer opening plans for Russia’s coming Shambala Casino

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Russia

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that the first phase of the coming Shambala Casino is scheduled to open later ‘this summer’ following over tw...

Tigre De Cristal to re-open following coronavirus-induced shutdown

Adam Morgan

July 16, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Labor Relations, Russia

Asian casino operator Summit Ascent Holdings Limited has reportedly announced that it has been granted official permission to revive operations at its Tigre De Cristal facility following an over 15-week shutdow...

Foundation work begins on coming Naga Vladivostok facility

Adam Morgan

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

Casino News, Latest Casino and Gambling 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

Casino proposals, Latest Casino and Gambling News, 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...