The announcement was made Tuesday by the state-owned Development Corporation of the Primorsky Territory authorizing the Shambala's resort casino project in the gambling zone Primorye near Vladivostok.
“Primorye has high potential to become the entertaining resort of the international class. Therefore we are interested in becoming its residents. We want to offer the most large-scale and ambitious project from what was done earlier," CJSC Shambala president Maxim Smolentsev said.
The proposed complex will include a five-star hotel with at least 250 rooms, restaurants, a bar zone, day spa and night club. The first stage of the project will take about two years involving the construction of the casino with an investment of 2 billion rubles ($34.5 million). Mewanhile, phase two will see the construction of the hotel complex and the entertainment zone, expected to last 3 years with an investment of 8 billion rubles ($138 million).