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Among the casino giants who want to leave their mark in the Japanese gambling market and enter the international market is the Macau casino mogul Lawrence Ho,
Lawrence Ho, also known as the son of Macau game pioneer Stanley Ho, aims to expand his family's reach beyond Macau by entering the lucrative Japanese gambling market, and it should be noted that his now retired father is the main reason for the spread of Macau's gambling industry. Thanks to his efforts, Macau was recognized as China's gambling mecca to compete with Las Vegas. Unfortunately, Macau's gambling industry has been hit hard in recent years amid Xi Jinping's corruption.
However, Ho's son seems to have set a higher goal by following in his father's footsteps. Mr. Lawrence Ho currently controls Hong Kong-listed Melco International, a major shareholder of Melco Crown. The brief flashback reminds us that 40-year-old Lawrence Ho has already embarked on the company's expansion strategy, including the establishment of casino resort facilities in both the Philippines and Russia, explaining that Young Ho aims to enter the Japanese market earlier this year.
At the Forbes Global CEO Conference in Hong Kong last Wednesday, Lawrence Ho paid tribute to his father's achievements, but explained that his 40-year lack of competition in Macau contributed greatly to his success, adding that he intended to expand his family's business further, unlike his father.
In short, the Japanese gambling market
In December 2016, Japan finally legalized the long-running casino gambling market, approving only one of the two planned bills, regulating the industry to provide casino games across the country, and a second bill, also known as the enforcement bill, laid a regulatory framework for all casino operations.
Friday, February 9, 2024