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 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 areas set aside by Russia after a 2009 legislation prohibited all other casino gambling. The region of Primorye borders China and Korea, and also the casino is anticipated to be placed on the outskirts of Vladivostok.
‘a great deal of men and women don’t recognize that Vladivostok is A asian casino opportunity that is actually in Russia,’ Dean Macomber told The Wall Street Journal. Macomber may be the president of Macomber International Inc., an American company which includes consulted because of the casino industry that is russian.
That prime location could be the key to getting severe names in to the casino market that is russian. 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 a 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 into the Chinese encla Continua a leggere