Lawrence Ho’s Tigre de Cristal resort in the Primorye region of Russia is on track to finish construction by the end of June and open by the end of August.
The casino will likely include 15 baccarat tables, 800 slot machines, 25 additional table games, 25 VIP tables and a 119-room hotel. It will target the “underserved North Asia gaming market,” according to a February report in GGRAsia, including 300 million Chinese, Koreans and Japanese. According to a recent note rom Daiwa Securities, there is a US$100 million domestic gaming market in the Primorye economic zone area near Vladivostok.
Ho is the majority owner of the casino through the firm Summit Ascent Holdings. He is also chairman of Melco International Development Ltd. and a partner in Macau casino operator Melco Crown Entertainment Ltd.