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

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 receiver of the two casino licenses anticipated to be issued by the National Diet later this year.

Billionaire Lawrence Ho wants to get their hands on certainly 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 metropolis that is populatedn’t require a casino to attract individuals. Instead, the 40-year-old, well worth an estimated $2 billion, said he believes town such as for instance Osaka makes more sense for Japan.

‘Tokyo on it’s own is amazing. It is like whenever people ask me, ‘Do you think brand New York and London need an integrated resort?’ No, they do not.’

Final December, Japan authorized commercial gambling at integrated resorts. The nation’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 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 early 2000s. Today, Melco has several properties in Macau City of desires.

Making Macau

Ho is under the impression that Japan should look to develop and develop cities that are new. That is why he favors Osaka over Tokyo.

He believes Tokyo’s massive size, which may be the economic and political hub of this co […]