Ho Casino Dynasty Looking To Expand Into Japan

Published on October 29, 2013 by Terry Goodwin

The Ho family has built a casino gambling empire with their innovative thinking and talent 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 proper to open a casino in Japan, that the corporate is ready to speculate $5 billion into the project. Japan has become a hot target for far of the gaming industry during the last couple of years.

Macau has become the highest gaming market within the world, and at the side of Macau's success has come an idea that other countries in Asia thrive. Japan is on the top of the industrial ladder within the world, making it a fascinating destination for gaming companies seeking to plant their flag.

Ho's break free from the Macau empire the family created comes from an increased directive from the federal government to regulate the gaming industry in Macau. Ho believes the way forward for the industry is also shifting clear of Macau and into areas similar 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 would not have the land to do it.

Ho went directly to say, "We still have probably the most eggs within the Macau basket."

Read More... [Source: Casino Gambling News]