Tag: Melco russia gambling
Melco signs deal for Russian gambling resorts
September 10, 2013
Macau Daily Times – Macau-based Melco International Development Ltd. and the administration of Russia’s Primorye (maritime) Territory have signed an investment deal worth USD700 million to build a new casino resort in Russia’s Far East. Lawrence Ho, Chairman of the board of Melco, told Russian media that he “is very optimistic regarding the potential of the company in the Russian Far East.” The intention of creating a new gambling resort in Russia had been announced in July. According to the Russian news agency RIA Novosti, expectations for the new development are set quite high, with the new integrated resort expected…