The launch of the Yantarnaya gaming zone in Kaliningrad, a Russian exclave between Poland and Lithuania, has been put back until next summer.
The delay is reported to be due to the increased difference in the exchange rate between the rouble and foreign currencies. This has raised the cost of the project as most of the materials and equipment are supplied from abroad.
The company behind the project, Royal Time Group, plans to open the first stage of the project by the end of 2015 and has estimated its investment in the zone at no less than R45bn ($730m).
The company intends to build at least 267,000sq.m of various facilities by 2029, including casinos, restaurants, bars, a hotel and a medical complex. Royal Time Group is also one of the investors in the Azov-City and Primorye gaming zones.
