Macau casino mogul Lawrence Ho seems probably be the first gaming that is major to move into the Russian market, as his company has finalized an understanding to start a casino there. The move signals Russia’s intention to turn into a major player in the lucrative Asian casino market.
In the area
Ho’s casino-resort would be located in Primorye, one of four special zones set aside by Russia after a 2009 legislation prohibited all other casino gambling. The region of Primorye borders China and Korea, as well more chilli slot free play as the casino is anticipated to be placed on the borders of Vladivostok.
‘A lot 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 is the president of Macomber International Inc., an American company which includes consulted aided by the Russian casino industry.
That prime location could be the key to getting severe 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 hefty corruption. However the combination of the location and tax incentives have made a casino in Primorye an even 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 in the enclave that is chinese. Now that num Continue reading “To Russia With Appreciate for Macau Casino Magnate Lawrence Ho”