Extension on bid deadline for Primorye plots fuels speculation


Just as a subsidiary of Russia-based Summit Ascent, under local gaming mogul Lawrence Ho, has its eye on the MSAR, applying on Wednesday for a trademark in the territory for its Tigre de Cristal brand – that of the casino it is operating in the Primorye region of Russia, other local operators could have their eye on the remaining plots of the same region, according to analyst Patrick Crowley.
An extension on the bidding deadline for the three remaining plots in the region, located near Vladivostok, until September could see local operators Galaxy Entertainment Group and/or Macau Legend bidding, opines Crowley, noting that “interest in the three remaining plots was reported by the provincial regulator as originating from Chinese, Russian and European gaming concerns.”
A “number of applications” received by the authorities for the rights to the plots have been received, with Crowley pointing to “at least already five bids”.
The deadline on the bidding has been extended to September 28.
Business Daily enquired from both Galaxy and Macau Legend of their intentions but had yet to receive a response by the time this story went to print. In the most recent interim reports published by both gaming operators no mention was made of developments in Russia.