Diamond Fortune Eyes plans for September 2020 Primorsky Day

Russia-based Diamond Fortune Holdings Prim LLC aims to open its first casino resort in the Maritime Unified Entertainment Zone (IEZ) near Vladivostok in September 2020. The design of the property is being finalized and construction will begin soon, the company’s top executives say.

“Construction will take about 18 months, and phase one (of the property) should be completed and ready to open by September 2020,” Thomas Gibbons, chief executive of Diamond Fortune, told GGRAsia.

The company plans a total investment of approximately $220 million in the Phase 1 project named Selena, which the company said is a working title for the property.

“Phase 1 will be divided into Phase A and Phase B, where the casino will be built first at a cost of $70 million,” Mr. Gibbons said, adding, “We expect to open the casino phase in September 2020 at the latest.”

The initial casino location will be supported by 25 hotel rooms. Hotel construction “will continue after the casino opens at a cost of $150 million,” Mr. Gibbons said.

The executive said the second and third phases of the casino resort “will be conducted in accordance with market [conditions].

The property will feature nearly 1,300 rooms as well as shops, nightclubs, food courts, and spas. “We will cater to a wide variety of customers,” said the CEO.

Privately owned Diamond Fortune was founded in 2010 by a group of Russian investors. The company was originally granted a total of 77 hectares (190 acres) of land on several sites, which at the time became a casino investor with the largest land bank in Primorsky Krai. However, the company plans to sell off some of its land and have four sites to develop two casino plans, now called Selena and Moon Gate.

Construction of the Moon Gate property, with at least US$151.5 million invested, will begin at a later stage. “We’re not moving that forward yet. We’ll see how Selena goes first,” said Gibbons.

BY: 안전한 파워볼사이트

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