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Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination

Melco Resorts owner Lawrence Ho doesn’t feel that Tokyo must be the recipient of the two casino licenses expected to be granted by the National Diet later this year.

Billionaire Lawrence Ho really wants to get their hands on certainly 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 require a casino to attract individuals. Instead, the 40-year-old, worth an estimated $2 billion, stated he believes city such as for example Osaka makes more sense for Japan.

‘Tokyo by itself is amazing. It is like whenever people ask me personally, ‘Do you might think New York and London need an integrated resort?’ No, they do not.’

Final December, Japan authorized commercial gambling at integrated resorts. The country’s legislative body is now tasked with writing another, more bill that is comprehensive address a host of concerns, such as for example the amount of video gaming licenses and the allowable locations.

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 several properties in Macau City of Dreams.

Making Macau

Ho is under the impression that Japan should turn to develop and develop new towns. That’s why he favors Osaka over Tokyo.

He believes Tokyo’s massive size, which is the financial and political Continue reading “Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination”