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 should be the recipient of the two casino licenses likely to be released by the National Diet later this year.

Billionaire Lawrence Ho really wants to get their hands on 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 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 a populous town such as for instance Osaka makes more sense for Japan.

‘Tokyo on it’s own is amazing. It’s like whenever individuals ask me, ‘Do you would imagine brand New York and London need an integrated resort?’ No, they don’t.’

Final December, Japan authorized commercial gambling at integrated resorts. The nation’s legislative body is currently tasked with writing another, more comprehensive bill that address a host of concerns, such as how many video gaming licenses and the allowable places.

Ho is the son of Stanley Ho, who held a gaming monopoly on Macau for 40 years until the early 2000s. Today, Melco has several properties in Macau City of desires.

Making Macau

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

He believes Tokyo’s massive size, which is the economic and governmental hub for the nation Devamını Oku