New Wealth Capital presents a unique investment opportunity for a Las Vegas-style luxury casino complex in the heart of South-Eastern Europe, on the Black Sea coast, Pomorie, Burgas. The offering is a proposed addition to the already 13-year functioning luxury 5-star Hotel complex. The new hotel will include an Irish sports bar and grill, arabian restaurant, a household branded coffee shop, world class spa and gym, indoor and outdoor pools and various other entertainment sections.
- STATUS: Under Planning
- TYPE: All Year Round 5 Star Casino Hotel with SPA
- LOCATION: Pomorie, Bulgaria
- INVESTMENT: Please get in touch to register early for information.
Bulgaria is situated on the crossroad between West/Central Europe and the Middle East, Central Asia, and the Asia Pacific. Bulgaria is located in South-Eastern Europe and borders five countries: Romania, Serbia, Macedonia, Greece, and Turkey. Its eastern border extends into the Black Sea.
Bulgaria has an area of 110,994 square kilometers and is a mountainous land. Bulgaria’s economy is an open free market, with a large and advanced private sector. The World Bank classifies the Bulgarian economy as an upper middle-income economy. The country’s economy has registered steady growth in the recent past. In close proximity are Cyprus, Russia, Ukraine, Israel, and many other countries – all within 2-4 hours flight.
Bulgaria remains a highly attractive, low-cost, and high yield climate for investment. Let’s take a look at some of the reasons why.
With the world still in the grip of the Covid-19 pandemic, economic contractions reverberate throughout Europe and Bulgaria is no different. However, despite the predicted drop in GDP this year, the economy is expected to see a rebound in 2021. On a general level over recent years, the Bulgarian economy has performed strongly on the back of consistently strong levels of investment growth. In 2019, the economy grew by 3.4%, which was above the EU average.
The Sunset Resort complex is under 3 hours away from the Turkish border where gambling is currently illegal and gambling tourists flow into Bulgaria daily to avail of the legal gambling environment in Bulgaria. Istanbul has a population of 16 million people and is a 4 hour drive from Sunset Resort. Future discussions are already in place with existing tour operators to bring gambling tourists to the resort on an all year round basis.
Burgas airport in 2019 has brought over 2,885,776 million passengers to Bulgaria, which is an 8-minute drive from the resort.
Varna airport which is 1.5 hours drive away has brought over 2,084,319 million passengers to Bulgaria in 2019.