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 Asian casino market.
In the area
Ho’s casino-resort is located in Primorye, one of four special areas set aside by Russia after a 2009 law prohibited all other casino gambling. The region of Primorye borders China and Korea, as well as the casino is expected to be put on the borders of Vladivostok.
‘a great deal of men and women don’t recognize that Vladivostok is A asian casino opportunity that happens to be in Russia,’ Dean Macomber told The Wall Street Journal. Macomber may be the president of Macomber International Inc., an American business that has consulted with the Russian casino industry.
That prime location will be the key to getting serious names into 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 heavy corruption. But the combination of the location and tax incentives have made a casino in Primorye a far 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 numerous casino