{"id":143251,"date":"2020-07-30T08:12:49","date_gmt":"2020-07-30T15:12:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=143251"},"modified":"2020-07-30T10:20:33","modified_gmt":"2020-07-30T17:20:33","slug":"russias-planned-version-of-las-vegas-strip-set-to-open-second-casino","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/","title":{"rendered":"Russia’s Planned Version of Las Vegas Strip Set to Open Second Casino Resort"},"content":{"rendered":"

Russia’s version of the Las Vegas Strip will soon finally get its second casino resort, the developers of Shambala Casino saying it will open “this summer.”<\/p>\n

\"Russia
The Shambala Casino in Russia’s Far East will open in the coming months. (Image: ResortX)<\/figcaption><\/figure>\n

Shambala CJSC, which opened a casino in Krasnodar back in 2004, says its $111.5 million integrated resort in the Far East Primorye gaming zone is close to welcoming guests. The company says the $48.8 million first phase has been completed, and the property will open its doors as remaining construction continues.<\/p>\n

\n

In the short term, we see the Primorye integrated resort casino as a pan-Asian resort that attracts tourists from many countries of the world,”<\/strong> said Maxim Smolentsev, founder and CEO of Shambala CJSC.<\/p>\n<\/blockquote>\n

Smolentsev said the property will target gamblers from Japan, China, South Korea, and Cambodia. While the casino will welcome high-end players, he adds the resort will not “become a closed, elite club.”<\/p>\n

A New Duopoly<\/b><\/h2>\n

Russian President Vladimir Putin in 2009 banned gambling everywhere, with four special exceptions — Altai, Krasnodar, Kaliningrad, and Primorye Krai.<\/p>\n

Primorye Krai was designated by Putin as the future home of Russia’s gambling epicenter. But more than a decade later, only one casino has opened: Tigre de Cristal<\/a>. The casino was developed by Hong Kong billionaire Lawrence Ho, who founded and is the CEO of Melco Resorts, one of the six licensed casino operators in Macau.<\/p>\n

Ho later sold off his entire stake in Tigre at a deep discount after the casino failed to produce a profit. Today, it’s controlled by Suncity Group Holdings, one of Macau’s largest VIP junket group organizers. Suncity is controlled by flamboyant businessman Alvin Chau.<\/p>\n

\n

Tigre will lose its monopoly on the Primorye Krai casino strip this summer, but that actually might be good news for the resort. Located in a remote area some 30 miles north of the downtown for the port city of Vladivostok, Tigre and the region needs more attractions to lure patrons to the district.<\/strong><\/p>\n<\/div>\n

The Shambala Casino floor will measure approximately 56,000 square feet, and features a hotel, conference center, sports complex, spa, and retail shopping.<\/p>\n

When in the US, Smolentsev spends time at his Florida mansion, which he bought in 2017 for $15 million. The property, located at 973 Hillsboro Mile, is just 20 miles south of billionaire Steve Wynn’s beachfront complex, which he purchased last year for $43 million.<\/p>\n

Soon to Boom?\u00a0<\/b><\/h2>\n

Despite only one casino opening and the coronavirus wreaking havoc on global economies, Russia isn’t folding on its Las Vegas dreams in Primorye.<\/p>\n

Along with the Shambala Casino, billionaire Chen Lip Keong says his $300 million NagaWorld integrated resort<\/a> is still a go. The businessman, who made his fortune by obtaining the lone gaming license in Cambodia back in the 1990s for a 70-year period, says he likes the “entrepreneurial spirit” of the Primorye area.<\/p>\n

A senior official in Primorye said recently that the gaming zone expects to have 11 casinos up and running by 2023, a tall claim considering the strip is currently largely vacant.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Russia’s version of the Las Vegas Strip will soon finally get its second casino resort, the developers of Shambala Casino saying it will open “this summer.” Shambala CJSC, which opened a casino in Krasnodar back in 2004, says its $111.5 million integrated resort in the Far East Primorye gaming zone is close to welcoming guests. […]<\/p>\n","protected":false},"author":25,"featured_media":143257,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[],"acf":[],"yoast_head":"\nRussia's Planned Version of Las Vegas Strip Set to Open Second Casino<\/title>\n<meta name=\"description\" content=\"Russia's version of the Las Vegas Strip will finally get its second casino resort, the developers of Shambala Casino saying it will open this summer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia's Planned Version of Las Vegas Strip Set to Open Second Casino\" \/>\n<meta property=\"og:description\" content=\"Russia's version of the Las Vegas Strip will finally get its second casino resort, the developers of Shambala Casino saying it will open this summer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-30T15:12:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-30T17:20:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-30-at-11.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/\",\"url\":\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/\",\"name\":\"Russia's Planned Version of Las Vegas Strip Set to Open Second Casino\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-30-at-11.jpg\",\"datePublished\":\"2020-07-30T15:12:49+00:00\",\"dateModified\":\"2020-07-30T17:20:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Russia's version of the Las Vegas Strip will finally get its second casino resort, the developers of Shambala Casino saying it will open this summer.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/russias-planned-version-of-las-vegas-strip-set-to-open-second-casino\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-30-at-11.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-30-at-11.jpg\",\"width\":1200,\"height\":801,\"caption\":\"The Shambala Casino in Russia's Far East will open in the coming months. 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