Russian casino investor Shambala has announced plans to build a 16,000 square meter entertainment complex in Primorye, eastern Russia, after winning an open auction for two land plots in the zone, local media reports.
The complex will include a casino with 500 electronic gaming machines and 50 gaming tables, as well as a five-star hotel with 270 rooms and a spacious nightclub.
According to local media, investment in the project is estimated at 8 billion rubles, (about US$128.6 million), with design works to begin in September 2018.
There are currently eight remaining unoccupied land lots in the region, which the Primorye Territory Development Corporation intends to auction off in the future.
The Shambala company, owned by Russian entrepreneur Maxim Smolentsev, currently owns and operates two casinos in the Azov-City gambling zone which are due to close by the end of the year. (AGB)