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Investments in the first in Sochi casino exceeded 4 billion rubles. (~ 70 million USD)

The operator of a gambling zone in Krasnaya Polyana invested in the first casino more than 4 billion rubles (around 70 million in USD). To recoup these funds in a timely manner, it is necessary to attract more than 500 thousand visitors per year.

Author and source - Vitaliy Chernenko

 

February 15, 2017 (Investorideas.com Newswire) Investment in the Sochi Casino and Resort project amounted to more than 4 billion rubles. The recoup of the investments is planned for three years, according to representative of the Domain company, which is the operator of the Krasnaya Polyana gambling zone.

In test mode, the casino, located in a former Olympic media center on the territory of all-season Gorky Gorod resort, will start its operation in 24 of February of 2017. It is expected that the casino turnover in the first year will reach 4.6 billion rubles with "significant growth" in the next two years, predicts a representative of the Domain LLC.

To achieve the stated financial performance, the company expects to attract 43 thousand visitors per month, that is about 500 thousand people per year.

The main stream of visitors of the casino will be provided by the Gorki Gorod resort, said a representative of Domain company, with up to 20% of the players will come from the neighboring resort of Krasnaya Polyana and up to 40% - of the coastal cluster.

The advent of the casino, of course, will attract some of the solvent audience of the resort, however, it cannot impact globally on its development and the situation in the offseason, said the vice-president of the Federation of Restaurateurs and Hoteliers of Russia Vadim Prasov. At the same time, he estimated that if the high season loading of residential facilities in Krasnaya Polyana is 90%, in the off-season its at the level of 60-70%.

The number of tourists in Sochi has grown significantly over the past few years, said advisor to the head of the Federal Tourism Agency Yevgeny Kudelya at the presentation of the Sochi casino and resort project, which took place in December 21st in Moscow. At the same time, he said, there is still a "curve on the off-season," which must be "smooth." “The gambling institutions like this will help with the serious problem of the off-season" - said Kudelya.

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