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Vladivostok Entertainment Centre
September 4, 2015 22:31


The company “Diamond Fortune” will invest 900 million dollars in the construction of the Vladivostok hotel and entertainment complex with a casino named "Selena" during ten years, as the CEO of the organization Georgii Kondakov told to the reporters at Eastern Economic Forum on Thursday, September 3.

The builder plans to commission the facility with the area of 18 thousand square meters until the end of 2016. “We plan to spend about $ 35 million on the first set, as well as another 5-10 million - working capital (own working capital). We will win (the invested funds) back in a year and a half" - he said.

The company expects that the construction of the second and third hotel complexes will be financed by profits earned after the commissioning of the first casino. The total investment volume of “Diamond Fortune” will amount to 900 million dollars that will be invested over 10 years. The top manager added that the company would focus on the creation of a full-fledged entertainment centre comprising two hotels, casinos and other recreation facilities.

The gambling zone “Primorye” with the area of 619 hectares was created by the government in 2009. They plan to create a resort and entertainment area with a water park, a yacht club, ski slopes and several casinos. Several companies are ready to invest in its development – “Diamond Fortune Holdings”, “Royal Time” and “The First Eastern Gambling Company” (controlled by Melco International Development). Melco planned to open the first casino in the gambling zone on September 1, 2015, but then moved the term to October.


Author: Anna Dorozhkina

Tags: Vladivostok     

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