The administration of Primorsky Krai sent to the Russian government a list of retail facilities that will participate in the new Tax-Free project. The list includes Tigre de Cristal casino in the Primorye gambling zone.
It is proposed to include Primorye region into the list of regions where a Tax-Free project will be implemented to compensate foreign citizens the amount of value added tax when exporting goods outside the customs territory of the Eurasian Economic Union. Currently, the system works only in four regions of Russia: Krasnodar Territory, Moscow Region, Moscow, and St. Petersburg.
It is also worth noting that Tigre de Cristal Hotel & Resort plans to increase the number of residential premises. The owners plan to build about eight villas and about 20 apartments. This extension will allow accommodating about 90 visitors.
Tigre Cristal is being developed in part by Summit Ascent Holdings Ltd., a Hong Kong-listed firm. Summit Ascent reported a total revenue of $ 26.5 million in the first six months of 2018, which is 1.5% more than last year. The casino investor also announced net profit in the amount of 2.6 million Hong Kong dollars for the first half of the year.