According to media reports from Russia, Storm International, the second largest company in Russian gambling business, will invest USD 300 million to build a casino and a network of gambling halls in Armenia. Lavrenti Gubin, Press Secretary of Storm International, says the company will build a 15-hectare gambling complex called “Shangri-La-Yerevan”. The company aims to build a five star hotel in the adjacent territory – with 200 rooms, a concert hall, trade center, restaurants as well as a night club.