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To Russia With Enjoy for Macau Casino Magnate Lawrence Ho

Wednesday, February 12th, 2020

To Russia With Enjoy 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 agreement to start a casino there. The move signals Russia’s intention to turn into a major player in the lucrative Asian casino market.

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 banned all other casino gambling. The region of Primorye borders China and Korea, plus the casino is expected to be placed on the outskirts of Vladivostok.

‘a great deal of people don’t realize that Vladivostok is A asian casino opportunity that is actually in Russia,’ Dean Macomber told The Wall Street Journal. Macomber is the president of Macomber International Inc., an American business who has consulted aided by the Russian casino industry.

That prime location could be the key to getting severe names to the casino market that is russian. Most 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 place and tax incentives have made a casino in Primorye an even more proposition that is interesting.

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 in the Chinese enclave. Now that numerous casino that is international have come (more…)