
Melco Resorts owner Lawrence Ho does not feel that Tokyo should be the recipient of the two casino licenses expected to be granted by the National Diet later this year.
Billionaire Lawrence Ho desires to get his hands on one of Japan’s two casino licenses, but hopes to achieve this in Osaka.
Talking with Bloomberg this week, Ho opined that the world’s many populated metropolis doesn’t require a casino to attract individuals. Instead, the 40-year-old, worth an estimated $2 billion, said he believes town such as Osaka makes more sense for Japan.
‘Tokyo on it’s own is amazing. It is like whenever individuals ask me, ‘Do you think New York and London need a resort that is integrated’ No, they don’t.’
Final December, Japan authorized commercial gambling at integrated resorts. The nation’s legislative body is now tasked with writing another, more bill that is comprehensive address a bunch of issues, such as for example the amount of video gaming licenses and the allowable areas.
Ho is the son of Stanley Ho, whom held a gaming monopoly on Macau for 40 years before the very early 2000s. Today, Melco has a few properties in Macau City of desires.
Making Macau
Ho is under the impression that Japan should turn to develop and develop cities that are new. That’s why he favors Osaka over Tokyo.
He thinks Tokyo’s massive size, which could be the monetary and governmental hub of the country and home to m Continue reading Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination
