To Russia With Prefer for Macau Casino Magnate Lawrence Ho
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 agreement 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 area
Ho’s casino-resort will be located in Primorye, one of four zones that are special aside by Russia after a 2009 law banned all the casino gambling. The area of Primorye borders China and Korea, and the casino is expected to be placed on the borders of Vladivostok.
‘a great deal of people don’t understand that Vladivostok is A asian casino opportunity that happens to be in Russia,’ Dean Macomber told The Wall Street Journal. Macomber may be the president of Macomber International Inc., an American business which has consulted with the Russian casino industry.
That prime location could be the key to getting severe names into the Russian casino market. Most casino that is major have actually shied away from investing in the country due to a murky regulatory system and issues over hefty corruption. Nevertheless the combination of the location and tax incentives have made a casino in Primorye a far 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 into the enclave that is chinese. Now that numerous casin Read more