Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

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     

Next Previous

You might also find interesting:

Implementation Of the Turkish Stream Project May Be Postponed UK Finance Gurus Behind Russian Business - FT Agreement On Turkish Stream Was Ratified NHL Star Tarasenko Signs Historic Contract (VIDEO) After relative calm militancy flares up in North Caucasus

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian music  Nikolay Nekrasov  Buddhist temple  hunting  Third Interchange Contour  Romanovs  Irkutsk oblast  technology  Russian Museum  pictures  Icons Exhibitions  Opposition  Far East  Ukraine crisis  Russian musicians  Russian Prison  Laroom  Yekaterinburg  Archeology  Russian business  Dmitry Kogan  Science  Russian Cinema  Moscow  Vera Khlebnikov  Ryazan  Russian writers  Vasily Polenov  Samara  Vladimir Vysotsky  Russian football  Russian tourism  Mercedes-Benz Fashion Week Russia  Russian history  Painting  Pskov  Zvyagintsev  Andrey Kostin  Open Data Portal  Russian Literature  Exhibitions in Moscow  AvtoVAZ   Russian regions  Russian culture  Russian parliament  Aladdin Garunov  Russias Central Ban  Stanislavsky Electrotheatre  Russian figure skating team  Kira Muratova 

Travel Blogs
Top Traveling Sites