Diamond Fortune Holdings breaks ground on Russian casino project

Casino operator Diamond Fortune Holdings has broken ground on its new project in Russia’s far east Primorye gaming zone.

It’s been over a year since Diamond Fortune unveiled its plans to build Selena, a $900m resort casino complex in the Primorye gaming zone outside of Vladivostok. On Monday, the Corporation for the Development of Primorsky Territory announced (with some relief) that earth was finally being moved on the site where the Selena resort will stand.

The Primorsky authority’s website quoted Diamond Fortune CEO Yevgenia Varakina saying the company had “received the necessary permits and started the active phase of operations.” Varakina noted that the company’s development agreement calls for Selena’s first phase to open in 2020 but Varakina vowed to “make every effort” to ensure that Selena’s first phase opens in 2019. The project’s second phase will follow in 2022.

Selena’s first phase is expected to feature a 295-room hotel, as well as a casino floor boasting at least 100 gaming tables and 500 electronic gaming machines. Once all its phases are completed, the Selena project will occupy 174k-square-meters of space, with two hotels, a spa and the usual assortment of restaurants and retail shopping options.