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Storm To Invest $300m In Armenian Casino

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  • Storm To Invest $300m In Armenian Casino

    STORM TO INVEST $300M IN ARMENIAN CASINO

    ATE Online, UK
    Sept 5 2007

    Russian gaming firm Storm International will invest $300 million in
    a casino and series of gaming halls in Armenia. A spokesperson for
    the company said it will build a 15-hectare gambling complex called
    Shangri-La-Yerevan in the country using additional investment from
    unnamed US partners.

    Armenia currently has about 50 casinos, which operate according to
    a 2002 law forcing them 10 kilometres outside the capital center.
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