The launch of Shambhala – the second casino in the Primorye Gambling Zone near Vladivostok, Russia – will create 500 new jobs before the end of 2020, according to the Far East Agency for Attracting Investments and Export Support (ANO API).
Confirming plans to open Shambhala in the coming months, the agency said around 200 people will be recruited to work at the entertainment complex in the next month with 500 jobs to be created in total. It is estimated that 150 people will arrive to work in Vladivostok from other regions in Russia.
The First Vice Governor of Primorsky Territory, Vera Shcherbina, said last week she expects tax revenues to double this year to around RUB200 million (US$2.72 million) as a result of Shambhala’s launch, rising to RUB2.5 billion (US$34 million) by 2025.
Shambhala will represent the second major casino operation to open in the region following the launch of Tigre de Cristal in 2015, while NagaCorp and Diamond Fortune are also involved in ongoing developments.
Shambhala is planned to open in two phases, with the casino to form the central focus of Phase 1. The second phase, covering an area of around 42,000 square meters, will include an “entertainment sector and hotel complex” and take around three years to complete.
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