Melco Resorts owner Lawrence Ho does not feel that Tokyo should be the receiver of the two casino licenses likely to be given by the National Diet later this year.
Billionaire Lawrence Ho really wants 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 entire world’s most metropolis that is populatedn’t need a casino to attract people. Instead, the 40-year-old, worth an estimated $2 billion, said he believes a populous city such as for instance Osaka makes more sense for Japan.
‘Tokyo by itself is amazing. It’s like when people ask me personally, ‘Do you believe New York and London need a resort that is integrated’ No, they don’t.’
Last December, Japan authorized gambling that is commercial integrated resorts. The nation’s legislative body has become tasked with writing another, more comprehensive bill that address a host of concerns, such as for instance the amount of gaming licenses and the allowable places.
Ho may be the son of Stanley Ho, whom held a gaming monopoly on Macau for 40 years before the very early 2000s. Today, Melco has several properties in Macau City of Dreams.
Ho is under the impression that Japan should check out develop and develop brand new metropolitan areas. That’s why he favors Osaka over Tokyo.
He believes Tokyo’s massive size, which could be the monetary and (more…)