Boyko's companies plan to raise $1.5 billion this year

05/6/2008 | Bloomberg

Businesses owned by Russian billionaire Oleg Boyko plan to raise $1.5 billion this year to fund expansion in gambling, retail and real estate. "Foreign gaming outlets are showing quite high sales growth and also high profitability," Boyko said. "In Russia there is more money, incomes are rising very fast and there is low competition, especially in food retailing industry."

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