Macau casino mogul Lawrence Ho appears apt to be the first gaming that is major to move into the Russian market, as his company has signed an understanding to start a casino there. The move signals Russia’s intention to develop into a major player in the lucrative casino market that is asian.
In the Zone
Ho’s casino-resort would be located in Primorye, one of four zones that are special aside by Russia after a 2009 law prohibited all other casino gambling. The region of Primorye borders China and Korea, therefore the casino is expected to be placed on the borders of Vladivostok.
‘a great deal of individuals don’t understand that Vladivostok is A asian casino opportunity that is in Russia,’ Dean Macomber told The Wall Street Journal. Macomber could be the president of Macomber International Inc., an American company who has consulted using the casino industry that is russian.
That prime location could be the key to getting serious names to the Russian casino market. Many casino that is major have actually shied away from investing in the country due to a murky regulatory system and concerns over hefty corruption. However the combination of the location and tax incentives have made a casino in Primorye an even more interesting proposition.
Like Father, Like Son
Lawrence Ho is the son of Stanley Ho, the Macau-based casino tycoon whom once held a monopoly on all of the gambling within the enclave that is chinese. Now t Continue reading “To Russia With Adore for Macau Casino Magnate Lawrence Ho”