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Shambala unveils Primorye plans as land auctions resume
Russia’s Primorye entertainment zone has just held a new round of bidding for land plots, attracting a major investor with plans for a 16,000-square...
Bloomberry unit wins bid for Solaire land plots
Philippine casino operator Bloomberry Resorts Corp. on Friday announced it had won the bid for a 16-hectare plot of land in Entertainment City.
The...
Investors dodge tax bullet, discuss development plans
Operators in Russia’s Far East have won a reprieve from a potentially punishing new tax regime and are now discussing further development plans with the government of the zone. In the interests of long-term investment, Primorye chose to leave taxes unchanged. It now hopes to attract further investors through land auctions this summer and to introduce more non-gaming elements.
Bloomberry to see mixed impact from land purchase: MS
Bloomberry Resorts would see its debt levels rise and a reduction in return on invested capital in the short term if it buys the...