Melco inspired confidence
A representative of Chinese investment firm Zhonge Linhai Harbin has disclosed that the company may want to invest in Russia’s Primorye gaming zone.
According to the Asia Gaming Brief, local authorities say Zhonghe Linhai President Wang Wenli met with local authorities in March.
Konstantin Shestakov, head of the Primorye Territory Tourism Department, reportedly gave Wang Wenli a breakdown of foot traffic at Tigre de Cristal, a casino resort operated by Lawrence Ho’s Summit Ascent Holdings, which opened in October 2015.
“Every day about 1,000 people visit the casino,” Shestakov reportedly said. “In the days of events, shows and concerts, there are about 3,000 people, about 30 percent of whom are foreigners. During the whole period of the complex’s work, about 400,000 guests visited it.”
Tigre de Cristal is currently the only gaming resort that’s up and running in the special economic zone near the port city of Vladivostok.
“At the end of 2018, we are expecting the completion of the 11-story hotel with the Mayak casino, and in 2019 the first entertainment complex Selena of the international investment holding Diamond Dam Fort Hold will be opened,” Shestakov was quoted as saying. “In total, by 2022, several large entertainment complexes will be created, for the construction of which 263 hectares (650 acres) are allocated. The entire resort will occupy 619 acres, where tourists will be offered a wide range of entertainment services,” he said.
Wang Wenli reportedly said, “We would like to become residents of the project and invest in the creation of tourist facilities on the territory of the gambling zone.”
He said it’s significant that the first resort there was established by a subsidiary of Ho’s Melco International, “a very well-known and respected company in China. For us, this is one of the indicators of the high status of this project.”
