The development of the Primorski Kray is hindered by strong competition from China’s gambling enclaves which are characterized by high transport availability, first-class quality of services, and low prices for hotel accommodation. This was stated by Alexander Latkin, the director of the Institute of International Business and Economics at Vladivostok State University of Economics and Service [VSUES].
The Primorye gambling zone was conceived with an eye to players from the PRC and Japan. But there are their own gambling zones in neighboring China with more convenient location, cheap hotels and high quality of services rendered than Primorye, Latkin said.
In early June, it became known that the second casino of the Primorye gambling zone was to begin work in late 2018. Yuri Trutnev, Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District, announced this.
Trutnev also mentioned the termination of the contract of Primorsky Territory Development Corporation OJSC representing the interests of the regional administration with the investor Royal Time Primorye LLC, a subsidiary of the Kazan Royal Time Group. The reason for breaking partnership was the failure of the investor to fulfill the terms of the contract.
The Primorye gambling resort is located in the resort region of the Ussuri Bay on the bank of the Muravinaya bay. The birthday of “Far Eastern Las Vegas” can be considered November 11, 2015 – it was on this day that the grand opening of Tigre de Cristal, the first of eight casinos planned in the gambling zone. Because of the low population density in the area and the remote distance from major cities, Primorye is directed primarily at players from the PRC and Japan.