The Government of Primorye will help Hong Kong-listed NagaCorp resume construction of Russian casino resort near Vladivostok in the coming months by pushing through permits for foreign workers.
According to Konstantin Shestakov, Director of Primorsky Territory’s Tourism Department, the government is keen to see progress resume on development within the Primorye gambling zone, home to Summit Ascent’s Tigre de Cristal and the recently opened Shambala.
NagaCorp’s Naga Vladivostok is one of two more casinos due to open in 2021 alongside Diamond Fortune Holdings’ Imperial resort.
“Due to the situation with COVID-19, [Naga] was unable to bring the workers of its contractor from China,” Shestakov said this week. “We hope that with the support of the Government and with the stabilization of the situation in the world, the investor will be able to complete the construction of a wonderful facility.“
Shestakov confirmed that NagaCorp has completed around 60% of construction of Naga Vladivostok Phase 1, set to include a casino and concert hall within an 11-storey hotel complex, plus a water park. It was also claimed that NagaCorp has so far spent around US$84 million of it planned US$150 million Phase 1 investment.