Ho’s Russia Casino to Open in August

Sun, May 24, 2015

Lawrence Ho’s Tigre de Cristal casino resort in Russia will be completed by the end of June and be ready to open by August 28, according to a filing on the Hong Kong Stock Exchange.

First resort in casino zone

Lawrence Ho’s Tigre de Cristal resort in the Primorye region of Russia is on track to finish construction by the end of June and open by the end of August.

According to CalvinAyre.com, the casino will likely include 15 baccarat tables, 800 slot machines, 25 additional table games, 25 VIP tables and a 119-room hotel. It will target the “underserved North Asia gaming market,” according to a February report in GGRAsia, including 300 million Chinese, Koreans and Japanese. According to a recent note rom Daiwa Securities, there is a “US$100 million domestic gaming market” in the Primorye economic zone area near Vladivostok.

Ho is the majority owner of the casino through the firm Summit Ascent Holdings. He is also chairman of Melco International Development Ltd. and a partner in Macau casino operator Melco Crown Entertainment Ltd.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.