To Russia With Like for Macau Casino Magnate Lawrence Ho

To Russia With Like 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 finalized an agreement to open a casino there. The move signals Russia’s intention to turn into a major player in the lucrative casino market that is asian.

In the Zone

Ho’s casino-resort could be located in Primorye, one of four special zones set aside by Russia after a 2009 legislation prohibited all the casino gambling. The region of Primorye borders China and Korea, plus the casino is anticipated to be put on the borders of Vladivostok.

‘A lot of individuals don’t recognize 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 that has consulted using the casino industry that is russian.

That prime location will be the key to getting serious names 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 concerns over hefty corruption. But the combination of the positioning and tax incentives have made a casino in Primorye a 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 within the enclave that is chinese. Now that numerous casino that is Continue reading “To Russia With Like for Macau Casino Magnate Lawrence Ho”