"Shambala" revealed plans for the development of Primorye

The foundation of the casino is laid by "Shambala" in the resort and entertainment "Primorye", the press secretariat of the establishment reports. The construction of the buildings will start in the coming autumn.

The strategy of Shambala, explains the management, provides for the development of the all-Russian gambling market. Implementing the plan, the company won a lease on a development spot in Primorye. The auction required ₽420 million in investments. Today the contractor is busy laying out the site, laying the foundations. In parallel, the management is promoting an investment project involving the construction of a casino.

The construction "offensive" will unfold in the coming autumn. First, the installers will tackle the casino box. The projected area of the gambling establishment will exceed 15,000 square meters. The commissioning of the object will open the way for the construction of the hotel. The area of the hotel, adjoining shopping and entertainment areas, reaches 42,000 square meters. While the documentation of the complex, the press secretariat reminds, is being examined. The full-fledged work of the Primorskaya "Shambhala" will begin in 2022.

The officials considering the project assess the socio-economic component. The main indicator is the annual tax deductions in excess of ₽120 million. The indicator reflects the benefit of Primorye - the amount of deductions to the Center is even more impressive.

Let us remind you that the only local competitor is Tigre de Cristal. Its operator "Dzhi1", commenting on last year's financial results, reported: revenue relative to 2016 fell through, falling to ₽3.52 billion. The collapse in profit exceeded the 26% mark, slipping to ₽1.3 billion.