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 develop into a major player in the lucrative casino market that is asian.
In the area
Ho’s casino-resort would be located in Primorye, one of four zones that are special aside by Russia after a 2009 law banned other casino gambling. The area of Primorye borders China and Korea, plus 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 happens to be in Russia,‘ Dean Macomber told The Wall Street Journal. Macomber is the president of Macomber International Inc., an American business which includes consulted aided by the Russian casino industry.
That prime location could be the key to getting serious names in to the casino market that is russian. Most casino that is major have actually shied away from investing in the country due to a murky regulatory system and concerns over hefty corruption. But the combination of the positioning 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 whom once held a monopoly on all of the gambling into the enclave that is c Weiterlesen