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The ideal location in the center of Northeast Asia of the beautiful European city of Vladivostok makes our value proposition unique. We continue to will attract growing numbers of tourists from Korea, Japan, and Northeast China on the back of the new free e-visa regime. One of the lowest effective gaming tax regimes in the world combined with , underutilized infrastructure, strengthening ties between Russia and China and our first mover advantage provides us with an opportunity to deliver a strong Return on Invested Capital to investors in our company.

Phase I of our project, known as ‘TIGRE DE CRISTAL”, held its grand opening on November 11th, 2015. The integrated resort is comprised of gaming area with 30 VIP gaming tables, 33 mass market gaming tables, and 290 slot machines. Casual and fine dining restaurants, bars, a gym and spa, KTV, retail offerings, and a 121 room 5 star hotel. Total CAPEX was approximately USD$172mln.



Phase IIA of our project is expected to have a 4 star hotel with 250 rooms, 25 VIP gaming tables, 25 mass market gaming tables and 250 gaming machines, a Chinese and Korean restaurant, a rooftop western style bar and grill, a premium outlet shopping mall with a casual food court, entertainment center and MICE facilities. Total expected CAPEX USD$120mln. We are targeting an opening of Phase IIA in the latter part of 2019.