To Russia With Prefer for Macau Casino Magnate Lawrence Ho

Macau casino mogul Lawrence Ho seems apt to be the first gaming that is major to move into the Russian market, as his company has signed 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 area

Ho’s casino-resort could be 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, therefore the casino is expected to be put on the borders of Vladivostok.

‘A lot of people don’t realize that Vladivostok is A asian casino opportunity that is in Russia,’ Dean Macomber told The Wall Street Journal. Macomber could be the president of Macomber International Inc., an American company who has consulted with all the casino industry that is russian.

That prime location will be the key to getting severe names in to the casino market that is russian. Most major casino brands have shied away from investing in the country due to a murky regulatory system and concerns over hefty corruption. However the combination of the place 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 many casino that is inte Continue reading To Russia With Prefer for Macau Casino Magnate Lawrence Ho →