Macau casino mogul Lawrence Ho seems likely to be the first major gaming operator 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 become a major player in the lucrative casino market that is asian.
In the area
Ho’s casino-resort is located in Primorye, one of four zones that are special aside by Russia after a 2009 law banned all the casino gambling. The region of Primorye borders China and Korea, as well as the casino is anticipated to be put on the outskirts of Vladivostok.
‘a great deal of individuals don’t realize that Vladivostok is A asian casino opportunity that happens to be in Russia,’ Dean Macomber told The Wall Street Journal. Macomber is 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 severe 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 who once held a monopoly on all of the gambling in the Chinese enclave. Now that numerous casino that Continue reading “To Russia With Prefer for Macau Casino Magnate Lawrence Ho”