Becoming a Russian Oligarch After Rebirth
Chapter 378 This is the Money Tree _1

Chapter 378: Chapter 378 This is the Money Tree _1

The Xiao Ying Entertainment Center had a booming business, starting from the second day of its opening.

The grand hall on the first floor was teeming with people, all bustling about.

Slot machines constantly ringing "ding-ding-dong", the shouts of gamblers placing their bets at the tables, the laughter of those who won, the frustrated sighs of those who lost...

All these sounds intertwined.

Even in the air, there was a scent of money!

Most of the visitors today came from the city’s large market area, twenty luxury buses started going between the large market and Xiao Ying Entertainment Center from noon.

Even so, it was still not enough, as it was said that there was a long queue at the large market area.

Many people couldn’t wait for the bus and drove or took a taxi directly.

Perhaps these bosses had been pent up for too long, finally a fun place appeared in Moscow..

And it was specially opened for these "foreigners", with guaranteed safety.

Why wouldn’t they come to spend and support it ...

It must be said that after such a makeover, the business here is much better than before!

The previous Xiao Ying Hotel relied on slot machines and accommodation business for money, aside from the decent business on the first and second floors, the accommodation business above was quite cold.

But now, the prosperity of the gambling business has boosted other businesses, such as catering, entertainment, and even accommodation are all fully booked.

The total revenue on the second day of opening was getting a bit astonishing ...

......

"Yesterday, there were more than 7,000 people coming to the Entertainment Center, with total revenue reaching more than six million US dollars." Yuri happily reported to Wang Ye.

For the past few days, Wang Ye has shifted his work focus over here, operating directly from the top floor office on site.

A day’s revenue reaching over six million dollars, this amount is quite astonishing!

If the business in the future was like yesterday, wouldn’t the annual revenue be able to reach two billion US dollars...

But of course, that’s normal. Don’t forget this is a large casino!

And it is the only casino in the whole of Moscow ...

Those who come to play here, are all quite wealthy, and the purpose of coming to play is very clear!

Miss He is also in Wang Ye’s office, hearing Yuri’s words, a smile appeared on her face.

She said: "Now it’s just opened, so the business income will be relatively high, if we can maintain half of yesterday’s later, it will be very good. After all, this gambling center has just opened, and there are many restrictions, we can’t expect too high. According to my estimate, if this place in Moscow can achieve a billion US dollars in revenue a year, it is considered successful. In Petersburg, it may be lower, five hundred million would be good. The only uncertain project is the Yalta, I’ll leave that one to you ..."

For Miss He, who has seen the world, a daily revenue of several million dollars is naturally not astronomical.

It’s important to know that back at her place, the annual revenue of a large venue is normally about twenty to thirty billion US dollars, and that is achieved under a highly competitive situation.

Xiao Ying Entertainment Center in Moscow is a monopoly!

If it can’t achieve a ten billion-dollar revenue a year, it really is a failure...

But there is a huge advantage here, that is their partner, Mikhail, has an astonishing background, being able to get such low tax benefits!

Those venues at her place all have to pay very high taxes to the government.

Under the advantage of low taxation, Xiao Ying Entertainment Center is definitely a money tree for the Group!

Actually, Miss He is more looking forward to the Livadia Palace Gambling Centre in Yalta. Over there, the venue is completely unrestricted and tax-free ...

If that can be established, the future earnings would be unimaginable!

......

Wang Ye smiled, he too was somewhat surprised at the daily revenue of six million.

After all, he had never dealt with the gambling industry before, so he really didn’t expect it to earn this much!

Even though it is currently just newly opened, and is something of a peak in revenue, with revenue lowering to around three million daily later on, Wang Ye would still be very satisfied!

If these three casinos can be set up, and they could earn the Group a net profit of over one billion US dollars a year, this would be comparable to that big gold mine in Chukotka!

Of course, on the premise that Yalta is properly established, otherwise relying solely on this casino in Moscow, there definitely won’t be such high net profit.

Once Yuri leaves, Wang Ye wants to discuss with Miss He about the situation in Crimea.

He has not yet talked to Miss He about his "Ten Years, One Hundred Billion" Project, because that project had nothing to do with Xiao Ying Group, it is purely Wang Ye’s personal investment project.

However, if that project is carried out, it will certainly be beneficial to the Livadia Palace Gambling Centre!

When it comes down to it, if you want a gambling centre to have high revenue and to make profits, it must have enough popularity.

And Wang Ye’s Ten Years, One Hundred Billion dollar project could fundamentally solve this problem for the Livadia Palace Gambling Centre ....

......

Just as Wang Ye opened his mouth, his phone rang.

An unfamiliar phone number, Wang Ye hesitated a bit, but answered it.

"Hello, is this Congressman Mikhail? This is the Logistics Management Department of the National Duma, I would like to ask when you have time to come to the Duma Building. Your office is ready, and we need you to come and check it, and confirm whether the fittings and furniture need to be replaced. Also, there are some other procedures to be completed." A gentle female voice came through the phone.

Since being elected a Duma member, Wang Ye has only been to the Duma Building once for a full meeting.

Then got busy with the opening of Xiao Ying’s gambling centre and hasn’t been there since.

Frowning in thought, everything has run smoothly here with the opening, and there should be nothing requiring his attention in the short term.

So, he should take care of the business at the Duma as well, even if he doesn’t want to make a name for himself there, he still needs to do his basic duties, right?

He responded: "Okay, I’ll stop by around two o’clock this afternoon."

After hanging up the phone, Wang Ye casually spoke, "I received a call from the Duma. I have to go there this afternoon to look at the office and such, so you may have to arrange things here yourself. I won’t be able to accompany you."

Miss He was taken aback for a moment. She had flown over just before the opening and had been busy at Xiao Ying Entertainment Center. Plus, Wang Ye was quite low-key and had not mentioned his election as a Duma member to her, so she was still not aware of it.

"You...did you mean the National Duma? Why would you have an office there?" she asked in astonishment.

"Heh-heh, didn’t I tell you about it? A few days ago I was elected as a member of the new National Duma." Wang Ye nonchalantly stated.