- Huge market in northern China holds the key
- Report outlines massive potential for Vladivostok Tigre de Cristal casino
Figures released in a recently published report have found the new Tigre de Cristal near Vladivostok in eastern Russia to be performing well. But it is where the casino is drawing its custom from which might raise some eyebrows.
The establishment in the Primorski Krai region has been compared to the figures produced by casinos in the gambling Mecca of Macau, which have done well to corner the market in Southern China, as well as draw in custom from elsewhere in South East Asia.
It seems that Tigre de Cristal has recognised the potential of the Chinese market, and is gunning for the part of northern China due to it being a neighbor. When we are talking about the world’s most populous country, with a recognised passion for the casino, this doesn’t seem like a bad idea at all.
Potential for rapid growth
A big player in the Macau market, Sands China Limited, has projected the gross gaming revenue to reach $150 million in Valdivostok this year, and has outlined the potential of the market as reaching a staggering $1.3 billion by 2020. It is expected that up to seven large resorts could open up in close proximity to Tigre de Cristal in the next year, building the area’s reputation as a casino hotspot.
According to GGRAsia, Daiwa Securities Group Inc has drawn up a report which outlines the huge potential 100 million customer base within a three hour flight of the resort. There are also the financial perks that come with operating casinos in a location where salaries are known to be lower, along with operational costs.
Siberia, long known as one of the world’s most inhospitable places, could be welcoming a lot more visitors in the future.
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