Macau casino mogul Lawrence Ho seems apt to 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 become 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 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 individuals don’t understand 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 business which includes consulted with all the Russian casino industry.
That prime location could be the key to getting serious names into the casino market that is russian. Many casino that is major have shied away from investing in the country due to a murky regulatory system and concerns over heavy corruption. Nevertheless the combination of the positioning and tax incentives have made a casino in Primorye a more proposition that is interesting.
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 in the enclave that is chinese. Now tha Read more