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19.02.2008 - Storm International Enters Costa Rican Market
Storm International`s new project targeted at international development is presented in San Jose, the capital of Costa Rica. The company is planning to complete the re-construction of a 4+ star hotel and introduce a casino in July this year, together with local partners.
Re-construction will include a 60-room hotel, including a casino, several bars and restaurants. The planned area of the property is about 3500 sqm. There is also a plan to purchase a building adjacent to the existing hotel in order to provide additional facilities including a multi-level parking facility.
The casino will, as always, meet Storm International`s highest standards, an obvious competitive advantage, as the majority of similar properties in the country do not meet high requirements from the perspective of security and quality of service. The casino is planned to have 10 gaming tables and 170 slot machines with the option of expanding as business increases.
The investment is approximately $5 million. The management team will all be from Storm International, with the usual mix of nationalities, including top Russian management personnel. All personnel either speak or have taken courses in Spanish, being the main language of Costa Rica. There are several other projects in various stages of implementation.
Read more in a corresponding press-release.
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