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To Russia With Like for Macau Casino Magnate Lawrence Ho

February 12, 2020 Slots Au  No comments

To Russia With Like for Macau Casino Magnate Lawrence Ho

Macau casino mogul Lawrence Ho appears likely to be the first gaming that is major to move into the Russian market, as his company has signed an understanding to start a casino there. The move signals Russia’s intention to become 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 other casino gambling. The region of Primorye borders China and Korea, plus the casino is anticipated to be placed on the outskirts of Vladivostok.

‘a great deal of people don’t recognize 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 company which has consulted aided by the casino industry that is russian.

That prime location will be the key to getting severe names into the Russian casino market. Many casino that is major have shied away from investing in the country due to a murky regulatory system and issues over hefty corruption. Nevertheless the combination of the place and tax incentives have made a casino in Primorye an even 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 into the Chinese enclave. Now that numerous international casino corporations have come to M...

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