To Russia With Adore for Macau Casino Magnate Lawrence Ho
Macau casino mogul Lawrence Ho seems probably 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 develop into a major player in the lucrative casino market that is asian.
In the area
Ho’s casino-resort would be located in Primorye, one of four zones that are special aside by Russia after a 2009 legislation prohibited all the casino gambling. The area of Primorye borders China and Korea, as well as the casino is expected to be placed on the borders of Vladivostok.
‘a great deal of individuals don’t recognize that Vladivostok is A asian casino opportunity that is 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 will be the key to getting serious names into the Russian casino market. Many major casino brands have shied away from investing in the country due to a murky regulatory system and concerns over heavy corruption. But the combination of the location and tax incentives have made a casino in Primorye a far more interesting proposition.
Like Father, Like Son
Lawrence Ho is the son of Stanley Ho, the Macau-based casino tycoon who dollar car rental reviews once held a monopoly on all of the gambling in the Chinese enclave. Now that many inter Continue reading “To Russia With Adore for Macau Casino Magnate Lawrence Ho”