Melco Resorts and Entertainment Limited, an Asian casino operator, has reportedly stated that it is set to focus all of its attempts on Yokohama City as it aims to obtain one of the three upcoming Japanese casino licenses.
According to a study from Inside Asian Gaming, the move of the company came a little over four weeks after a plan was unveiled by the town of some 3.7 million individuals that would see federal approval to take an integrated casino resort to a 116-acre waterfront parcel of property near Yamashita Park overlooking Tokyo Bay.
Yokohama Mayor Fumiko Hayashi explained that such a facility would help his community develop their economy and boost their attractiveness to international and domestic visitors alike.
Melco Resorts and Entertainment Limited is already liable for the integrated casino resorts of Macau’s gigantic Studio City Macau, City of Dreams Macau and Altira Macau, allegedly targeting Osaka as the preferred location for its Japanese push.
But it now appears to have changed its mind following the latest establishment of an office in the capital city of Kanagawa Prefecture with its modification supposedly mirroring a change announced previously by American competitor MGM Resorts International.
Inside Asian Gaming revealed that Melco Resorts and Entertainment Limited’s ‘ Yokohama First ‘ policy has been unveiled by the Chairman for it’s Hong Kong-listed parent, Lawrence Ho Yau Lung (pictured), Melco International Development Limited, and implies that it has now ceased to plan to take a casino to Osaka.
Ho said his company is’ well positioned to contribute to Yokohama’s future’ by constructing and running’ the best integrated resort the world has ever seen.’ In addition, he allegedly claimed that the casino operator has put together an’ incredible team of experts and talents’ that will now work’ to support the community in its ambition to become a global tourism destination.’
Ho continued: “I would like to thank the city of Osaka for its consideration and for the constructive dialogues that we have had. It demonstrated a very professional approach in its commitment to build an integrated resort on Yumeshima Island I would like to personally thank the Osaka government for the collaborative discussions we had with it over the years.”