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CR75-p12-EuropeCECIS2:SJC-Casino Review 20/12/08 21:44 Page 1
Poland surges with latest gambling stats
The Polish Ministry of Finance has only recently released results for the
gaming industry in 2007 with casino revenues up 22 per cent from
2006. Total revenues for all forms of betting and gambling reached
over US$ 4.3bn, up 47 per cent. Casino revenues accounted for US$
437.9m of this total. Slot halls showed huge growth with revenue up
EUROPE CENTRAL, EAST & CIS 40.3 per cent to US$ 707.5m in 2007. The street market saw the
biggest surge, up 104 per cent clearing the US$ 1.6bn mark.
Polishing a pearl
for the Mediterranean
appetite of most interna- renowned financial, legal and hotel offers similarly high
tional project teams. auditing firms. Osoul Group end facilities with 255 rooms,
If that doesn’t the setting was established in 2005 and a conference hall and a spa.
will. Royal Montenegro has grown into one of the A report out this month
Grand Resort will be con- most successful residential, by Media and Entertainment
structed in Skocidjevojka, leisure and commercial Consulting Network said:
8km south of Budva and 4km developers in the Middle East “After expanding in conti-
north of Petrovac, just 1km and North Africa region. nental and southern Europe,
from Sveti Stefan, on part of Monte-Mena started opera- the global gambling industry
Monet Negro’s 290km of glo- tions in 2007 as part of the is now going east and focus-
rious coastline. The plan is to Osoul Group family of com- ing on the Balkan states and
open in 2010, without so panies, it focuses on Eastern Europe for its further
much of a murmur of the high–end tourist resorts and expansion. Especially the
credit crunch affecting any residential complexes con- Balkan states are increasingly
plans, and to focus on offer- centrated along coastal areas drawing a lot of interest,
ing guests an exclusive of Montenegro. despite - or perhaps because
lifestyle with the ultimate There are already some - of the current global eco-
levels of glamour and sophis- high end resorts in Mon- nomic crisis. The Balkan gam-
tication. tenegro such as The Maes- bling markets already have a
Andreas Marambos, man- tral Resort and Casino remarkable market size, and
aging director for Colliers owned by Slovenian opera- most experts confirm that
International Montenegro, tor Hit. Located on the sandy the Balkan markets have a
said: “Royal Montenegro beaches of Crno Gora in great growth potential in the
Grand Resort is a fabulous, Budva, this 180 room resort coming years.”
landmark project that will has a casino boasting 107 In 2007 the total Balkan
A huge new casino resort is being pieced
At 66,000 square meters, transform Montenegro’s slots and a host of tables as gambling market’s estimated
together for the Adriatic coastline of
Royal Montenegro Grand Riviera and play a major part well as a conference centre gross revenue was E4.5bn.
Resort will be so significant in the future of Montenegro’s and spa. The report adds: “Some fore-
Montenegro for a region often described as in size that its promoters tourism industry.” Local company Jack Pot runners among the global
the Pearl of the Mediterranean. There’s no
believe it could even help Royal Montenegro Grand also operates three venues key players in the retail and
mention of a casino operator yet though for
transform Montenegro into Resort is being developed in nearby. Casino Crna Gorais interactive gambling market
the next Monte Carlo. partnership between Joud situated in the heart of Pod- are already getting estab-
a project which is sure to prove Five Star. The plan to run a casino as Real Estate Funds and Monte- gorica, in Hotel Crna Gora, lished in the Balkan states.
part of the resort, featuring a Mena. Joud Funds is managed Casino Sveti Stefan is tucked The majority of the opera-
pearldrop tors in the coming months Five Star plus, 220-room hotel by Osoul Fund Management away among the walls of a tors surveyed are currently
MONTENEGRO by Colliers International and conference centre, night- in Egypt, and has vast experi- medieval fishing village, in the process of developing
Montenegro who is working club, restaurants and cafes, ence in sourcing, structur- which was remodeled into a their Balkan market strategy
A Five Star opportunity to as the exclusive consultant yacht marina club, spa and ing, negotiating and closing luxurious hotel town in 1960 and evaluating whether /
operate on the golden coast- for the biggest and most lux- gym alongside villas, lodges deals successfully by capital- in the hotel Sveti, whilst just how to increase their invest-
line of Montenegro will be urious new project on the and condominiums, should ising on solid partnerships a few miles along the coast ment and focus in the near
presented to casino opera- Montenegrin Riviera. be enough to whet the with internationally the Queen of Montenegro future.”
turns 38
pushes for
online action
in Czech
Casinos Poland is pushing
for the government to regu-
late online gaming to create
synergy with the traditional,
bricks and mortar in light of
the rapid growth of internet
pacemaker ations. These middle-size gaming in the country.
CZECH REPUBLIC entry-level venues offer 700 Ritzio’s million Club The operator’s Zbigniew
square meters of gaming space brand in Romania Macioszek explained that
Ritzio International is still and feature an impressive gambling fell under the gov-
growing at a phenomenal selection of slot and AWP ernment’s custom depart-
pace, completing the purchase machines, electronic roulette network of 36 gaming clubs five European countries, as the the country’s urban areas. ment which had little time
of two venues in the Czech terminals and VLTs. This acqui- managed by Ritzio Czech. key brand for its Czech venues. Million is a network of to focus on a sector that it
Republic alongside launching sition enables Ritzio to Ritzio is planning a rebranding Expansion has also been the middle-size gaming clubs with didn’t even understand.
23 gaming clubs in Romania in strengthen its position in the campaign to adjust all its loca- key focus for Ritzio Romania, cozy and cheerful atmos- He said that a new legal
the last half of the year. fast growing premium tions to a single standard of the company has opened 23 phere, brightly colored inte- framework was needed to
The Russian operator segment of the gaming retail operations management, new gaming clubs during the rior and exterior design, and update laws that were 20
bought two existing locations market, which recently has design, customer service and previous six months. Romania the most attractive game mix. years old and written before
in the Czech cities of Nymburk been gaining popularity hospitality. Ritzio has chosen Ritzio is represented by 93 The latest clubs opened in such technology had
and Brandys nad Labem to among the local players. Volcano, the gaming brand venues belonging to the business and shopping centres become such a normal part
expand its countrywide oper- The new properties join a operated by the company in Million chain and spread across of 15 Romanian cities. of mainstream leisure.
12 January 2009 • europecentraleast&cisnews
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