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 in Pomorie, Burgas. The offering is a proposed addition to an already completed and fully functioning luxury 5-star Hotel complex. The new hotel will include an Irish themed sports bar and grill, an Arabian restaurant, a global brand coffee retail outlet, world class spa and gym, indoor and outdoor pools and various other entertainment and retail outlets.
- STATUS: In planning
- TYPE: All-year-round 5-Star Hotel, Casino and Spa
- LOCATION: Pomorie, Bulgaria
- INVESTMENT: Please get in touch to register early for further information.
Bulgaria is situated on the crossroads between West/Central Europe and the Middle East and Central Asia. Located in South-Eastern Europe, it borders five countries: Romania, Serbia, North Macedonia, Greece, and Turkey.
Bulgaria has an area of 110,994 square kilometres, with spectacular mountain ranges, fertile plains and the Black Sea coastline, which forms its eastern frontier. The 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 flying time.
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 rebound strongly 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 well above the EU average.
The Sunset Resort complex is under 3 hours away from the Turkish border, in Turkey gambling is currently illegal and gambling tourists flow into Bulgaria daily to avail of the regulated gambling environment in Bulgaria. Istanbul has a population of 16 million people and is a four-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.
In 2019 alone, Burgas airport welcomed over 2,885,776 passengers to Bulgaria. The airport is an 8-minute drive from the resort.
Varna airport, which is 1.5 hours drive away, welcomed over 2,084,319 million passengers to Bulgaria in 2019.