A casino operator out of South Korea is possibly looking to open operations in Russia. Asia Gaming Brief (AG Brief) reports that K International Incorporated has been discussing the possibility of opening a project with the state-owned Primorsky Krai Development Corporation (PKDC), the entity managing the Primorye Integrated Entertainment Resort (PIER) zone near Vladivostok.

K International reportedly wants to build a $263.6-million hotel and entertainment complex in the PIER. The complex would include the hotel, a casino, a shopping center and a duty-free zone to the area and would be built on a 49-acre parcel of land.

The PIER is a casino-friendly project established by the Russian government. It already has seen the completion of the Tigre De Cristal resort, built at a cost of $144 million, and NagaCorp Limited’s Naga Vladivostok resort is in the works. Additionally, the $900-million Selena World Resort and Casino, a project planned by Russia’s Diamond Fortune Holdings company, will soon see the opening of its first phase.

Of the land that was allocated for the PIER zone, 118 acres are still available. K International’s resort would consume a large chunk of this land and the company has been considering launching a project in the area for some time.