AoK/RTG – Yantarnaya Gambling Zone – Krasnodar - Project Profile
"AoK/RTG – Yantarnaya Gambling Zone – Krasnodar - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Administration of Kaliningrad (GoK) and Royal Time Group (RTG) are planning to undertake the development of the Yantarnaya Gambling zone on a 99.5ha area near Kulikovo in Kaliningrad region, Russia.
The project involves the construction of buildings on a 267,000m2 area, casinos, hotels, hospitals, water parks, motels, hostels, entertainment areas, parking and related facilities. The project is expected to be implemented in phases.
The first phase involves the construction of a casino and related infrastructure facilities on 18,000m2 area.
The second phase involves the construction of a four-star hotel, medically SPA-complex, conference center, bar and club Sky-casino for VIP guests.
GoK announced an open tender to select an investor for the construction of a gambling zone, with the end date for tender submission on August 15, 2014.
In August 2014, ZAO GC STK a subsidiary of the investor's holding "Royal Time Group" in the competition won the right to lease land near the village of Kulikovo.
Construction activities of the second object of the first phase completed in first quarter 2017.
GoK is in negotiations with companies from China to implement the project.
The project involves the construction of the Yantarnaya Gambling Zone in Kaliningrad, Russia.
The US$1,300 million project includes the following: