News From The Casino Scene

Lawrence Ho to operate casino resort in Russia

Lawrence Ho to operate casino resort in Russia

The CEO of Macau based Melco Crown Entertainment, Lawrence Ho, has revealed plans to set up and operate a casino resort in the outskirts of Russian city of Vladivostok. This information was made public by the Wall Street Journal, allegedly citing a person with inside knowledge of the deal.

According to a document dated June 28th and filed in the Hong Kong Stock Exchange, through a Hong Kong based company of which Ho is almost 40% owner, an agreement was signed in order to invest in a “gaming and resort development project in the Russian Federation”.

Lawrence Ho is the son of gambling magnate Stanley Ho, and this is a clear indication of the Ho family wanting to expand the family business.

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