According to Macau Business Daily, Laurence Ho, co-chairman and CEO of Melco Crown Entertainment, expects the Russian casino resort project Tigred Crystal in Vladivostok, Russia, to meet Korea's local demand for casinos and target gamblers in Russia, Japan, and Korea as well as Chinese gamblers.
Ho's other projects in Macau saw their total gaming revenue drop for the 13th straight month, but they are not worried that it will affect their gaming business in Russia.
The pre-registration conducted by the company shows a high demand for casinos by Russian gamblers.
The casino will offer 25 game tables for players with a high stake, and despite several junket owners expressing interest, they will deliver all VIP tables to Macau's top junket operators. 슬롯머신
Only one casino in Korea is open to locals, and considering the competition in Northeast China with Korean casinos, the company believes that the Russian project will meet the demand for casinos in Korea.
In addition, the fact that Korea's game revenue is higher than the cumulative game revenue generated by one casino being open only to foreigners suggests that Korea's potential demand is very high.
Another advantage is that the Japanese authorities have not yet legalized the game in Japan, meaning that the company's Summit Ascent Holdings will have the unique advantage of being a pioneer in Northeast Asia for longer.
Phase 2 of the Russian project is expected to invest about $500 million, 70% larger than Phase 1, and includes a four-star hotel and one five-star hotel offering about 170 game tables and 500 slot machines.