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 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 area of Primorye borders China and Korea, and also the casino is expected to be put on the outskirts of Vladivostok.
‘A lot of people don’t realize that Vladivostok is A asian casino opportunity that is actually in Russia,’ Dean Macomber told The Wall Street Journal. Macomber is the president of Macomber International Inc., an American business which includes consulted because of the Russian casino industry.
That prime location may be the key to getting severe names in to the Russian casino market. Most casino that is major have shied away from investing in the country due to a murky regulatory system and issues over hefty corruption. Nevertheless the combination of the positioning 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 who once held a monopoly on all of the gambling into the enclave that is chinese. Now that numerous casino that i Continue reading “To Russia With Enjoy for Macau Casino Magnate Lawrence Ho”