To Russia With Prefer for Macau Casino Magnate Lawrence Ho

To Russia With Prefer for Macau Casino Magnate Lawrence Ho

Macau casino mogul Lawrence Ho appears likely to be the first gaming that is major to move into the Russian market, as his company has https://2015carsreview2016.com/ signed an agreement to start 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 special areas set aside by Russia after a 2009 law prohibited all the casino gambling. The region of Primorye borders China and Korea, plus the casino is expected to be put on the outskirts of Vladivostok.

‘A lot of individuals 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 that has consulted using the Russian casino industry.

That prime location will be the key to getting severe names to 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. But the combination of the location and tax incentives have made a casino in Primorye a far more interesting proposition.

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 that is international have c Continue reading “To Russia With Prefer for Macau Casino Magnate Lawrence Ho”