European casino operator Groupe Partouche, after entering a consortium led by Pixel Companyz, has unveiled its ambitions to win one of three licenses to host one of Japan’s first integrated resorts.
It is said that the two will work together to plan , develop and operate a “premier integrated resort in Japan” in conjunction with other unnamed consortium partners.
Coming to a certification approval period scheduled for January to July 2021, the partnership follows the notification of a capital and business alliance arrangement between Pixel Companyz and TTL Resorts, in the face of more potential delays, based on the effect COVID-19 had on IR operators. TTL, a consulting firm specializing in integrated resorts, boasts data mining and investment expertise.
The consortium says it “aims to develop an IR unique to Japan, that will highlight the tourism assets, food culture, brands and the hospitable culture that the country has to offer.”
Groupe Patrouche operates 42 casinos in France , Switzerland, Belgium and Tunisia, with Pixel Companyz listed on the Tokyo Stock Exchange boasting operations across three core renewable energy, fintech, and IR development segments in several business areas.
Hiroaki Yoshida, CEO of Pixel Companyz, emphasises the value of a Japanese company participating effectively in an IR consortium in Japan: “Pixel Companyz aims to connect Japan to the world and showcase the best of the country by forming this consortium and deeply rooting ourselves into the Japanese IR industry.”
Galaxy Entertainment Group has also reaffirmed its commitment to the growth of Japanese IR, ensuring that the organisation is ready to adapt even if the Japanese government changes the timetable for IR development.
GEG chairman Lui Che Woo has explained: “We continue to make progress with our international expansion plans. We do acknowledge that timelines for Japan may be impacted by the worldwide pandemic of COVID-19, however we can adjust accordingly and we remain committed to our Japan expansion plans. Our Japan based team continues with our Japan development efforts even as they deal with the COVID-19 crisis.
“We view Japan as a great long term growth opportunity that will complement our Macau operations and our other international expansion ambitions. GEG, together with Monte-Carlo SBM from the Principality of Monaco and our Japanese partners, look forward to bringing our brand of World Class IRs to Japan.”