Macau casino mogul Lawrence Ho appears likely to be the first major gaming operator to move into the Russian market, as his company has finalized an agreement to start 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 zones that are special aside by Russia after a 2009 law prohibited all other casino gambling. The region of Primorye borders China and Korea, while the casino is expected to be placed on the borders 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 with all the Russian casino industry.
That prime location could be the key to getting severe names in to the Russian casino market. 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 location 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 into the enclave that is chinese. Now that numerous wor Read more