To Russia With Like for Macau Casino Magnate Lawrence Ho
Macau casino mogul Lawrence Ho seems probably be the first gaming that is major to move into the Russian market, as his company has finalized an agreement to open 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 is located in Primorye, one of four zones that are special aside by Russia after a 2009 law prohibited other casino gambling. The region of Primorye borders China and Korea, and also the casino is anticipated to be placed on the borders of Vladivostok.
‘a great deal of people don’t recognize 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 business that has consulted aided by the casino industry that is russian.
That prime location may be the key to getting serious names in to the Russian casino market. Most major casino brands have shied away from investing in the country due to a murky regulatory system and concerns over hefty corruption. Nevertheless the combination of the positioning and tax incentives have made a casino in Primorye a far 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 n Continue reading
