Firms Show Interest In New Russia Casino
Asian Casino Developers Want To Invest Heavily In Casino-Resort
Interest in building a new mammoth casino complex in Russia reportedly is heating up.
According to Reuters, Asian casino developer NagaCorp Ltd. has become the second major player in pitching a possible casino in an “entertainment zone” in Russia, a region that would be allowed to host a brand new casino-resort. This entertainment zone reportedly is one of four legal casino zones in the country. A nationwide embargo on casinos was imposed in 2009.
NagaCorp is currently a casino operator in Cambodia.
It said it would spend $350 million for its new Russia casino.
The region where there is increasing interest is attractive because of its close proximity to China. Chinese gamblers have fueled Macau’s rise to the top gambling market in the world. The former Portuguese colony is expected to reap more than $40 billion in gaming revenue this year. For comparison, Nevada should bring in around $11 billion this year.
In addition to NagaCorp, Macau casino boss Lawrence Ho expressed interest in Russia in July, saying that he would invest $130 million into a project there.
Other countries such as Japan, Taiwan and Vietnam are also looking at more gambling.
Reuters reported that NagaCorp said its new Russian casino wouldn’t be open until 2018.
A new Russian casino could be located near the port city of Vladivostok.
|1||Bilzerian Hires Casey Anthony's Former Attorney|
|2||North Carolina Busts Alleged $20M Gambling Ring|
|3||A Poker Life: Pratyush Buddiga|
|4||Bellagio WPT Five Diamond Draws 582 Entries|
|5||Reid: Online Gambling Ban Efforts Next Year|
|6||Poker Strategy: Categorizing Recreational Players|
|7||Poker Hand of the Week: What's Your Play?|
|8||Trump Taj Mahal Gets Last-Minute Reprieve|
|9||Web Poker: Alex Luneau Has Rough Week|
|10||New York Picks Three Winners For Upstate Casinos|
|1||Dan Bilzerian Facing Felony Charge In Nevada: Report|
|2||Miss Finland Runs Crazy Bluff On Ronnie Bardah|
|3||Martin Jacobson Talks About His Main Event Win|
|4||Edward Norton: 'Possibility Of Rounders 2'|
|5||Phil Ivey Continues Online Poker Upswing|
|6||Man Robs Bank To Continue Gambling Session|
|7||Here's The Criminal Complaint Against Dan Bilzerian|
|8||Gus Hansen Returns To Online Poker, Drops $132K|
|9||Online Poker: Phil Ivey Drops $800K|
|10||Bilzerian Hires Casey Anthony's Former Attorney|