To Russia With Adore for Macau Casino Magnate Lawrence Ho
Macau casino mogul Lawrence Ho appears apt to 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 2015carsreview2016.com into a major player in the lucrative Asian casino market.
In the area
Ho’s casino-resort will be located in Primorye, one of four zones that are special aside by Russia after a 2009 law prohibited other casino gambling. The region of Primorye borders China and Korea, while the casino is anticipated to be put on the borders of Vladivostok.
‘a great deal of people don’t realize that Vladivostok is A asian casino opportunity that happens to be in Russia,’ Dean Macomber told The Wall Street Journal. Macomber may be the president of Macomber International Inc., an American company that has consulted with the Russian casino industry.
That prime location will be the key to getting serious names into the casino market that is russian. Many major casino brands have shied away from investing in the country due to a murky regulatory system and concerns over heavy 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 whom once held a monopoly on all of the gambling in the enclave that is chinese. Now that numerous casino that is internation Continue reading “To Russia With Adore for Macau Casino Magnate Lawrence Ho”