Участник:Gambling market and the government began to come up with a new gambling regulation system.
Since then, many casino giants have begun to pay attention to the fresh and unspoiled Japanese market, which has great potential for development and growth. Billionaire Macau casino mogul Lawrence Ho is one of the casino moguls who wants to leave his mark on the Japanese gambling market and expand his presence in the international market,
Lawrence Ho, who is also the son of Macao game pioneer Stanley Ho, aims to expand his family's reach beyond Macao by entering the lucrative Japanese gambling market. What is noteworthy here is that his father, now retired, is a major contributor to the growth of Macau's gambling industry. His efforts enabled Macau to compete with Las Vegas, recognizing it as China's gambling mecca, and unfortunately, in recent years, the gambling industry has slowed significantly amid President Xi Jinping's crackdown on corruption, prompting Lawrence Ho to launch projects to diversify the Macau-based company's services.
But Ho's son appears to have set a higher goal beyond his father's footsteps. Lawrence Ho currently controls Hong Kong-listed Melco International, a major shareholder in Melco Crown. A brief flashback reminds me that Lawrence Ho, 40, has already embarked on the company's expansion strategy, including setting up casino resort facilities in both the Philippines and Russia. Now, young Ho is aiming to enter the shiny Japanese market, which promises to be on par with Las Vegas. Earlier this year, Ho explained that he is ready to invest heavily in establishing a multipurpose integrated casino resort in Japan and is trying to win the Japanese casino license bidding war.
At the Forbes Global CEO Conference in Hong Kong last Wednesday, Lawrence Ho praised his father's achievements, but explained that his 40-year absence from competition in Macau contributed greatly to his father's success. Unlike his father, he added that he intends to expand his family business further.
The Japanese gambling market, in short In December 2016, Japan finally legalized the long-cherished casino gambling market and approved only one of the two bills, and the Promotion Integrated Resort Act allowed casino games to be provided nationwide as the first step in industrial regulation. The second bill, also called the Enforcement Bill, is to establish a regulatory framework, under which all casino operations must take place. Nevertheless, the newly regulated casino industry has raised concerns about the social ills and addiction that gambling can cause.