Melco Resorts owner Lawrence Ho doesn’t feel that Tokyo must be the receiver of the two casino licenses anticipated to be granted by the National Diet later this year.
Billionaire Lawrence Ho desires to get his hands on certainly one of Japan’s two casino licenses, but hopes to do this in Osaka.
Talking with Bloomberg this week, Ho opined that the world’s most populated metropolis doesn’t need a casino to attract individuals. Instead, the 40-year-old, well worth an estimated $2 billion, stated he believes a populous city such as for instance Osaka makes more sense for Japan.
‘Tokyo on it’s own is amazing. It’s like whenever people ask me personally, ‘Do you think New York and London need an integrated resort?’ No, they don’t.’
Last December, Japan authorized commercial gambling at integrated resorts. The country’s legislative body is now tasked with writing another, more comprehensive bill that address a bunch of issues, such as the number of gaming licenses and the allowable areas.
Ho may be the son of Stanley Ho, who held a gaming monopoly on Macau for 40 years until the very early 2000s. Today, Melco has a few properties in Macau City of Dreams.
Ho is under the impression that Japan should check out develop and grow brand new urban centers. That is why he favors Osaka over Tokyo.
He believes Tokyo’s massive size, which may be the financial and political hub associated with Continue Reading