Published on October 29, 2013 by Terry Goodwin
The Ho family has built a casino gambling empire with their innovative thinking and skill to take big chances. Stanley Ho was the pioneer of much of that empire building, and now his son is taking aim at expanding the empire.
Lawrence Ho has announced that if Melco Crown Entertainment gains the precise to open a casino in Japan, that the corporate is ready to take a position $5 billion into the project. Japan has become a hot target for a lot of the gaming industry over the last couple of years.
Macau has become the highest gaming market within the world, and in conjunction with Macau's success has come an idea that other countries in Asia thrive. Japan is on the top of the commercial ladder within the world, making it a fascinating destination for gaming companies trying to plant their flag.
Ho's become independent from from the Macau empire the family created comes from an increased directive from the federal government to manage the gaming industry in Macau. Ho believes the way forward for the industry is also shifting clear of Macau and into areas comparable to Japan and Singapore.
"There isn't any doubt that Japan is the largest prize available to developers in Asia," said analyst William Naymar. "THE QUANTITY of gamblers that exist in Japan, coupled with a thriving economy, make Japan a natural choice for any gaming group. The primary few casinos opened there'll change the way forward for the industry."
Ho's interests don't stop with Japan. In recent years, Ho has invested in casino projects within the Philippines and Russia. It has all been an effort to expand beyond the clutches of the Chinese government and Macau.
"Macau is a small place," said Ho. "UP TO I WOULD LIKE to construct a theme park, we just do not need the land to do it.
Ho went directly to say, "We still have essentially the most eggs within the Macau basket."
Read More... [Source: Casino Gambling News]
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