Beijing firm mulls Russian Far East


Beijing-based tourism and hotel developer Guo Wei Group is mulling gaming development opportunities in the Primorye Krai Integrated Entertainment Zone in the Far East of Russia.
According to Russian Gaming Week, the company met representatives from Russia’s Primorsky Territory last month, proposing the development of a casino with a 1,000-room hotel, a recreational park and a yacht club.
The Chinese investors reportedly toured casino–resort Tigre de Cristal owned by Macau gaming mogul Lawrence Ho Yau Lung in addition to land plots in the area.
Tigre de Cristal was the first integrated resort and is currently the only one to open in the area, offering some 25 VIP tables and 40 mass tables.
The Russian Government has so far granted four licences for the development of casino resorts in the gaming zone. Cambodian casino operator NagaCorp Ltd. is expected to be the second one to open a casino-resort there.