TODAY.AZ / Business

Crocus to build a complex for PBL to be first overseas group to run casino in Russia

03 May 2006 [12:30] - TODAY.AZ
Australian media and gaming group to run a casino in Russia's capital

According to Financial Times, Publishing and Broadcasting (PBL), the Australian media and gaming group, is poised to become the first foreign group to run a casino in Russia, after reaching agreement with Russian developer Crocus to manage a 164,000 sq m casino, hotel and shopping complex on the outskirts of Moscow.

Crocus, a private company owned by Aras Agalarov, a multi-millionaire real estate developer from Azerbaijan, is building the complex just outside the main Moscow city ring road.


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