Melco Resorts owner Lawrence Ho doesn’t feel that Tokyo ought to be the recipient of the two casino licenses expected to be granted by the National Diet later this year.
Billionaire Lawrence Ho would like to get his hands on one of Japan’s two casino licenses, but hopes to do so in Osaka.
Talking with Bloomberg this week, Ho opined that the entire world’s most populated metropolis doesn’t need a casino to attract people. Instead, the 40-year-old, worth an estimated $2 billion, said he believes city such as for example Osaka makes more sense for Japan.
‘Tokyo on it’s own is amazing. It is like when individuals ask me, ‘Do you would imagine brand New York and London need a resort that is integrated’ No, they don’t really.’
Last December, Japan authorized commercial gambling at integrated resorts. The country’s legislative body happens to be tasked with writing another, more comprehensive bill that address a bunch of issues, such as for instance how many gaming licenses and the allowable locations.
Ho may be the son of Stanley Ho, whom held a gaming monopoly on Macau for 40 years before the early 2000s. Today, Melco has several properties in Macau City of desires.
Ho is under the impression that Japan should turn to develop and grow cities that are new. This is exactly why he favors Osaka over Tokyo.
He believes Tokyo’s massive size, which may be the economic and political hub r Continua a leggere