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Primorsky Krai The New Gambling Hub

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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

 

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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NSoft’s DPO among top 5 Data Protection Officers

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GC-Awards-Feature-Image NSoft’s DPO among top 5 Data Protection OfficersReading Time: 1 minute

 

GamblingCompliance has announced the official shortlist for the Global Regulatory Awards 2019.  NSoft is proud to announce that Mr. Zlatan Omerspahić, NSoft`s Data Protection Officer (DPO), has been shortlisted in the category: Data Protection Officer or Team of the year.

The nomination complements to all activities Mr. Omerspahić and NSoft, as a company, performed in order to not just be in compliance with the GDPR, but to promote the importance of data integrity and data protection per se.

Zlatan is an acknowledged expert within the legislation field and very fruitful panelist at expert conferences with specific know-how that he gladly shares with other industry professionals. Commenting on the nomination, he said: “This is very exciting! It is a great honor to be nominated for GamblingCompliance´s award and I am very emotional about it. NSoft put trust in me, and all I’ve accomplished in my field of expertise would not be possible without the great support from my colleagues.”

The GamblingCompliance Global Regulatory Awards 2019 will take place at De Vere Grand Connaught Rooms in Central London on May 1st, 2019. This year’s event will host over 400 industry specialist who will celebrate the success of the best ones in 17 award categories.

“This nomination and the awarding ceremony will actually be a wonderful way to celebrate my work anniversary at NSoft which is also on May 1st. I am looking forward to the event,” concluded Mr. Zlatan Omerspahić.

 

To find out more on NSoft contact us at info@nsoft.com or visit NSoft web site and book a meeting.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NSoft’s DPO among top 5 Data Protection Officers

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Eldorado Resorts and Caesars mull over merger

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9-10 Eldorado Resorts and Caesars mull over mergerReading Time: 1 minute

 

US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages of discussion on a possible merger, according to sources familiar with the matter.

Caesars has recently agreed to allocate billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives, and a say on the selection of its next chief executive officer.

Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said.

Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialise or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.

Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December.

Caesars declined to comment, while Eldorado did not immediately respond to a request for comment.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts and Caesars mull over merger

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Betsson signs partnership with CompetitionLabs

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8-11 Betsson signs partnership with CompetitionLabsReading Time: 1 minute

 

Swedish online betting company Betsson has signed a partnership agreement with CompetitionLabs, a real-time engagement software provider based in the UK. As per the agreement, CompetitionLabs’ tools will power live real-time tournaments and gamification for the Betsson Group.

Julian Steinwender, CompetitionLabs CPO, said this collaboration was one of the software providers most significant. He added: “We are delighted to be powering a whole new approach to engagement with Betsson. Seeing activity going live is really exciting for us and continues our plans for expansion and innovation together.”

Joey Hurtado, Managing Director for the Casino Brands at Betsson Group, said: “The CompetitionLabs platform has given us a powerful and easy to use solution that allows us to provide true real-time engagement and gamification to our customers. Starting with tournaments, we have seen immediate uplift in both customer engagement and GGR. The ability to leverage our whole portfolio of games and their data has enabled a new set of opportunities for innovation and differentiation. This is in line with our strategy of offering our customers with quality products.”

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Betsson signs partnership with CompetitionLabs

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