One reason could be geopolitical<\/a>, considering the small border Primorye shares with North Korea. In April last year, regional media outlet primemedia.ru reported that Russian trains loaded with military equipment were heading to the region in response to the escalation of hostilities between the US and the Hermit Kingdom \u2013 not exactly a state of affairs that\u2019s conducive to investment.<\/p>\nAnd US President Donald Trump\u2019s cancelation of nuclear talks with Pyongyang on Thursday is unlikely to turn that\u00a0 perception around.<\/p>\n
Casino and Rail ‘On Track’<\/h2>\n
NagaCorp plans to build the biggest resort in the region, but the project has been delayed, apparently by extensive archaeological excavations, but it recently laid the foundations and claims to be \u201cbroadly on track\u201d for 2019.<\/p>\n
Another project — the Selena World Resort and Casino — which is led by a group of Russian and Asian investors, has also begun preliminary work.<\/strong><\/p>\nPrimorsky Krai Development, the government department charged with overseeing the proceedings,\u00a0 recently launched three independent auctions for plots of land authorized for casino development, but has received no bidders.<\/p>\n
Development has been painfully slow for Primorye, but the advent of two new resorts over the next few years and NagaCorp\u2019s proposed investment in transport infrastructure should — eventually — be a game-changer.<\/p>\n","protected":false},"excerpt":{"rendered":"
For Russia’s\u00a0Primorye gambling zone, easy ways for gamblers to come in and out of area are crucial to the success of the gaming hub, which is located outside of Vladivostok. With Chinese players a key demographic, the announcement this week of\u00a0Cambodian casino group NagaCorp’s $12 billion, 235-mile high-speed railway linking Primorye to the northeastern Chinese […]<\/p>\n","protected":false},"author":42,"featured_media":78700,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Russian Primorye Gambling Zone to Get NagaCorp $12 Billion Rail Line<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n