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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 seems probably be the first gaming that is major 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 turn into a major player in the lucrative casino market that is asian.

In the Zone

Ho’s casino-resort could be located in Primorye, one of four special areas set aside by Russia after a 2009 law prohibited all other casino gambling. The area of Primorye borders China and Korea, and the casino is anticipated to be put on the borders of Vladivostok.

‘a great deal of people don’t understand 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 who has consulted with the Russian casino industry.

That prime location could be the key to getting serious names to the Russian casino market. Most major casino brands have actually shied away from investing in the country due to a murky regulatory system and concerns over hefty corruption. Nevertheless the combination of the place and tax incentives have made a casino in Primorye a 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 within the enclave that is chinese. Now that many casino that is in Read More