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Primorsky Krai The New Gambling Hub
Primorsky Krai, which is located on the border of Russia with China, is calmly waiting for its chance to possibly become a gambling hub to rival Macau’s status. It is already a hub for both developers and gamblers. Several casinos have been built or are nearing completion, and the region is hoping to attract gamblers from Russia, China, Japan, and Korea.
Due to it’s good location, Primorsky Krai offers a much convenient trip than Macau does, which is at least eight hours away for those in northern China or Russia. Gamblers traveling to Primorsky Krai can expect a two- to three-hour trip from the minute they board an airline until dedicated limos whisk them to the casino. Primorsky Krai is bein located in the Primorye Integrated Entertainment Resort Zone, this being one out of five region’s where gambling is legal in Russia.
Tigre de Cristal
The first casino in the zone is Tigre de Cristal. Opened in late 2015 with Phase One of its operations completed, Phase Two is scheduled to open in 2022. The resort currently features a hotel, casino, and spa.
However, by the end of 2018, Tigre de Cristal will have two hotels — one four-star and one five-star luxury hotel for high rollers. In addition, the casino will have 1,300 slot machines, 110 gaming tables, and more than 125 VIP gaming tables for high rollers. A shopping mall, restaurants, additional nightclubs, and more spa space will be added. The total cost is estimated at $1 billion.
While Tigre de Cristal is the first casino in Primorsky Krai, it will be joined by as many as seven. The second casino in the area is currently in the planning and early building stages.
CJSC Shambala
CJSC Shambala was recently given the green light by the Russian government to begin construction of its nearly $150 million investment in the Primorsky Krai region. The new resort is expected to contain nearly 200,000 square feet of gaming and entertainment space.
Plans are to build a 270-room five-star hotel for high rollers, as well as a high-end gaming floor, with 500 slot machines and 50 gaming tables geared toward wealthy gamblers. Interestingly, the Shambala company owned a resort and casino in the Crimean Peninsula until it was closed after the Russian government took over the area in 2014.
At that time, each casino operating in the area was given $100 million for their losses, and the Russian government promised to consider awarding them a casino license in a new area if one became available. It is possible the granting of the license in Primorsky Krai is the fulfillment of that promise.
Naga
NagaCorp has become a major player in the region and has plans to build a casino of its own. First, the company has signed on to create a high-speed railway between Primorye and the northern Chinese city of Mudanjiang, which will allow gamblers to have quick access to the region’s casinos.
The railway is expected to cost the company $12 billion to build. In addition, the company is planning to build a casino in the area. Although plans at this time are still in the beginning stages, the company has projected to build a casino, again geared toward high rollers, that will rival the other casinos in the area either in the operating or planning phases. The company is also building a casino in Phnom Phen, Cambodia, as well. Its goal is to gain a large foothold in Asia.
With many casinos in the area in the planning stages, it is clear that Primorsky Krai is set to aggressively market itself as a gambling hub to rival the high-roller attractions of Macau.
Source: USAOnlineCasino
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ACR POKER CROWNS DECEMBER ‘PLAYER APPRECIATION MONTH’ WITH $500,000 IN GIVEAWAYS
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Tis the season to give back to players with supersized weekly races, massive ticket drops, and the return of the Mini Online Super Series
ACR Poker is kicking off the holiday season in style, officially crowning December as Player Appreciation Month and celebrating its community with $500,000 in giveaways, offering something for every type of player.
Throughout December, ACR Poker’s biggest weekly races – The Beast, Sit & Crush, and Blitz Beast – are getting a serious glow-up as part of Player Appreciation Month. Each week from Saturday, November 29th to Friday, January 2nd, the prizes will be supersized. There will also be a sleigh-load of free tournament tickets dropped throughout December, giving players more chances to score big without spending a dime.
And starting Wednesday, December 17th, the Mini Online Super Series (MOSS) returns to close out Player Appreciation Month. There will be a full schedule of events with buy-ins from $0 to $109 and massive guarantees offered, with the full details released soon.
“I love that ACR is turning the whole month into one big holiday party and giving players a little extra cheer,” said ACR Pro Chris Moneymaker. “Giving back to the players who make this community is a great way to wrap up the year. Alongside supersized races, ticket giveaways and the Mini Online Super Series, players should also keep an eye out for something big from ACR on December 9th during WSOP Paradise. Stay tuned.”
Whether players are grinding tournaments, splashing in cash games, or simply logging in for some holiday fun, December is shaping up to be the most wonderful time of the year at ACR Poker.
For more information about Player Appreciation Month, visit ACRPoker.eu.
The post ACR POKER CROWNS DECEMBER ‘PLAYER APPRECIATION MONTH’ WITH $500,000 IN GIVEAWAYS appeared first on European Gaming Industry News.
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INTRALOT Announces Nine Month 2025 Financial Results
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The post INTRALOT Announces Nine Month 2025 Financial Results appeared first on European Gaming Industry News.
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Kambi initiates share repurchase programme with a value of SEK 100 million
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The Board of Kambi Group plc has decided to again exercise the buyback mandate which was received at the Extraordinary General Meeting on 18 June 2025 to initiate a share repurchase programme with a total value of SEK 100 million (€9m) which will run until 20 May 2026.
In line with its capital allocation strategy and empowered by the mandate received at Kambi’s Extraordinary General Meeting on 18 June 2025 (EGM) the board of directors (Board) of Kambi Group plc (Kambi) has today initiated a share repurchase programmes with a total value of SEK 100 million (€9m).
The programme will run from the date of this announcement until 20 May 2026 and shares acquired will be cancelled at a future date. The maximum number of shares that may be acquired is 1,672,887, and the aggregate purchase price for such acquisitions shall not exceed SEK 100 million (€9m). The aggregate number of shares that may be acquired under the mandate received at Kambi’s EGM is 2,990,362, which is equivalent to 10% of Kambi’s total issued shares at the time of the EGM resolution.
The buyback programme will be carried out in accordance with the Maltese Companies Act (chapter 386 of the laws of Malta), the Nasdaq First North Growth Market Rulebook for Issuers of Shares, the EU Market Abuse Regulation (EU No 596/2014) (MAR), and Commission Delegated Regulation (EU) 2016/1052 (the Safe Harbour Regulation). The share buyback programme is intended to benefit from the share buyback safe harbour provisions set out in MAR. To this end Kambi has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to execute the buyback programmes and conduct the share repurchases on Kambi’s behalf.
The acquisition of shares shall take place on one or several occasions on Nasdaq First North Growth market in Stockholm (Nasdaq First North) and Carnegie will make its trading decisions in relation to Kambi’s shares independently of and without influence by Kambi. Payments for the shares are to be made in cash.
The programme will be effected in compliance with the trading conditions set out in article 3 of the Safe Harbour Regulation. In particular, Kambi shall not, on any single trading day, purchase more than 25% of the average daily share turnover on Nasdaq First North. The average daily share turnover is calculated on the basis of the average daily trading volume during the twenty trading days preceding the respective purchase date. In addition, share repurchases under each programme shall:
- not be made at a price higher than the price of the last independent trade or (should this be higher) higher than the current highest independent purchase bid on Nasdaq First North,
- be made at a price per share within the price interval recorded on Nasdaq First North at any given time, i.e. the interval between the highest buying price and the lowest selling price, and
- not exceed or fall below the maximum and minimum ranges set out in the EGM resolution.
At the time of this announcement, the total number of issued shares in Kambi is 29,903,619. Kambi currently holds 2,193,675 of its own shares from prior buyback programmes which will be cancelled on or shortly after 1 December and 400,000 shares held to satisfy Kambi’s future obligations arising from its employee share option programmes.
Information on completed buybacks will be publicly disclosed in accordance with Safe Harbour Regulation and will also be available on the company’s website, kambi.com.
The post Kambi initiates share repurchase programme with a value of SEK 100 million appeared first on European Gaming Industry News.
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