Tigre de Cristal remits $8M to the Russian state coffers

Tigre de Cristal, the first casino integrated into the Primorye entertainment resort in the Russian Far East, turned over about RU500 million ($8 million) in tax revenues and other government fees during its first year of operations.

“G1 Entertainment, a resident company of the Primorye integrated entertainment resort, launched the work of its first facility, Tigre de Cristal, in October 2015. According to information of the Primorye Territory Tourism Department, the work of the first casino has yielded almost half a billion rubles for the state in tax deductions and payments to extra-budgetary funds,” the Primorsky Krai Administration said in a statement, according to news website Russia Beyond The Headlines.

The regional administrator also announced a vibrant casino activity in Lawrence Ho’s Russian casino as it saw more than 190,000 visitors since the beginning of 2016.

The number of daily visitors in the casino also doubled in July to September period with 1,000 guests, according to government, 30 percent of whom are tourists from China and South Korea. Tigre de Cristal also accommodated over 100 guests and participants in the Eastern Economic Forum who highly appreciated the level of services provided by the hotel and restaurants.