Tag Archives: primorsky territory
- Lawrence Ho’s Russia casino project opening delayed, investors shuffled
September 20, 2014
Russian officials say they will have finished mapping out a strategy for their new Crimean gambling zone by the end of the year. In July, Russian president/tsar/Bond-villain Vladimir Putin officially signed the law allowing the recently annexed Crimea territory to become Russia’s fifth designated gambling zone. On Saturday, Russian news...
- Lawrence Ho boosts stake in Russian casino project
April 23, 2014
Macau casino figure Lawrence Ho (pictured) looks set to boost his interest in his casino joint venture in Russia’s far east. Ho, who controls two-thirds of casino operator Melco Crown Entertainment, is part of a three-way consortium looking to build a casino in Russia’s Primorye territory near Vladivostok. Ho’s stake...
- NagaCorp profits up 25% in 2013 on mass market surge
February 14, 2014
Cambodian casino operator NagaCorp saw revenue, earnings and profits all rise around 25% in 2013. The Hong Kong-listed company, which operates Phnom Penh’s only casino NagaWorld, saw gross gaming revenue rise 25% to $324.9m, while earnings increased 25% to $171.8m and profit rose 24% to $140.3m. As usual, casino gaming...
- Local partner in Lawrence Ho’s Russian casino project detained by police
November 14, 2013
Melco Crown Entertainment CEO Lawrence Ho’s Russian casino project took an unexpected turn late last week after Russian police detained Ho’s local partner. Oleg Drozdov, who owns a 30% stake in Ho’s casino project in the Primorye region near Vladivostok, was detained for questioning by Russian authorities investigating alleged business...
- Lawrence Ho’s Russian joint venture adds partner, deals with angry Russian wife
August 26, 2013
Lawrence Ho’s planned casino in Russia’s Primorye region has added a new joint venture partner while fending off a legal claim by a disgruntled wife of one of Ho’s Russian partners. Ho, the chairman of Hong Kong-listed Melco International Development and a veteran of the Macau casino game via the...
- Paradise SegaSammy acquires South Korean casino; Ho’s Russian casino deal
July 2, 2013
Paradise SegaSammy, the joint venture of Japanese pachinko and video game outfit Sega Sammy Holdings and South Korean gaming operator Paradise Co., has acquired the operations of Paradise Casino Incheon. The casino, located near the Incheon International Airport 50km west of Seoul, was acquired from Paradise Co’s parent company Paradise...
Russian betting industry icon Oleg Zhuravsky dies suddenly
March 17, 2017
Russia blocks Google over online gambling redirect
June 23, 2017
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017