Macau casino mogul Lawrence Ho seems likely to be the first gaming that is major to move into the Russian market, as his company has signed an agreement to open a casino there. The move signals Russia’s intention to become a major player in the lucrative Asian casino market.
In the area
Ho’s casino-resort could be located in Primorye, one of four special zones set aside by Russia after a 2009 law banned other casino gambling. The area of Primorye borders China and Korea, therefore the casino is anticipated to be placed on the borders of Vladivostok.
‘A lot 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 could be the president of Macomber International Inc., an American business which includes consulted utilizing the Russian casino industry.
That prime location will be the key to getting severe names to the Russian casino market. Many major casino brands have actually shied away from investing in the country due to a murky regulatory system and issues over hefty corruption. But the combination of the place and tax incentives have made a casino in Primorye an even more proposition that is interesting.
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 Chinese enclave. Now that many worldwide casino corporati Continue reading “To Russia With Prefer for Macau Casino Magnate Lawrence Ho”