Lawrence Ho to Invest in $630 Million Russian Casinos
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Lawrence Ho, son of Macau casino mogul Stanley Ho, is investing in two Russian gambling resorts worth $630 million as he expands his businesses overseas.
Melco International Development Ltd. and Summit Ascent Holdings Ltd., both backed by Ho, will buy a combined 51 percent stake in a holding company that will develop the two casino hotels in the Primorye Region near China’s border, according to the companies’ filings to the Hong Kong’s stock exchange yesterday