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To Russia With Like for Macau Casino Magnate Lawrence Ho

To Russia With Like for Macau Casino Magnate Lawrence Ho

Macau casino mogul Lawrence Ho seems probably be the first major gaming operator to move into the Russian market, as his company has signed an agreement to open 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 could be located in Primorye, one of four zones that are special aside by Russia after a 2009 law banned other casino gambling. The region of Primorye borders China and Korea, therefore the casino is expected to be put on the borders of Vladivostok.

‘a great deal of men and women don’t realize that Vladivostok is A asian casino opportunity that is in Russia,’ Dean Macomber told The Wall Street Journal. Macomber could be the president of Macomber International Inc., an American business which includes consulted with all the casino industry that is russian.

That prime location could be the key to getting severe 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 issues over hefty corruption. Nevertheless the combination of the positioning 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 whom once held a monopoly on all of the gambling into the enclave that is chinese. Now that numer Читать далее