Tourism trade already well-developed
A news release from global gaming operator Storm International says the company may be interested in developing a casino resort in the Ukraine. It cites a “very promising” atmosphere with Prime Minister Arseniy Yatsenyuk officially expressing his support.
“The best case scenario would be that the future law requires the establishment of an independent gaming commission, which should be responsible for licensing, enforcing the law, controlling operators and closing illegal casinos,” the statement said. The company management evaluates the trend as positive and sees some good potential in the Ukrainian gaming business; nonetheless it understands the risks and challenges of the local market.”
Storm CEO Darren Keane noted that the economy “is not in the best condition at the moment and the Ukraine is surrounded by countries with legalized and well-developed gaming markets, which would make junket tourism far less likely.
“However, the local market has potential, considering that there is already a well-developed tourism and entertainment industry and Kiev itself is historically attractive for the citizens of neighboring countries.”
With appropriate regulation and a welcoming business environment, Keane added, “We will be there.”
Storm International Group runs gaming and entertainment facilities in various countries all over the world including Germany, Mexico, Armenia, Georgia, Byelorussia, Romania and Russia. Its Shangri La brand casinos operate in the capital cities of Georgia, Armenia and Byelorussia and are the group’s current flagships. The group also owns and manages Hollywood Entertainment with approximately 1,000 slot machines in two large complexes in Monterrey, Mexico. It also has a chain of Storm Casino slot halls in Germany and Romania. The company operates restaurants and other entertainment complexes in Russia.
