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Russia – K International eyes up potential of Primorye

Korean company K International has set its sights on developing a US$263.6 m casino in Russia’s Primorye region.

Primorye Development Corporation Chief Igor Trofimov said: “We have been engaged in negotiations since the beginning of this year. The company accepts the terms of cooperation and is ready to sign the contract. For the implementation of the project, it considers a 20-hectare site with a fairly flat landscape.”

The blueprint for the project, according to K International Vice President Lee Dong Tek, will be put together by the end of November 2018. It is planning to form a holding company with ‘subsidiaries of the largest Korean corporations.’ There is currently only one casino in Primorye; Tigre de Cristal although three more large projects although Naga Vladivostok, Selena, and Sun are all currently being built.