As it prepares a national bid to host one of three integrated resorts on offer in Japan, Clairvest Neem Ventures has named Groupe Partouche and AMSE Resorts Japan as consortium partners for its Wakayama City Marina proposal.
Wakayama chose the company, a subsidiary of Toronto-based private equity management firm Clairvest, to move through with the bid earlier this month after the sole other contender, Suncity Group, withdrew.
William Weidner, the former president and CEO of Las Vegas Sands, and his staff at Global Gaming Asset Management are rumoured to be supporting AMSE.
Bradley Stone, the former president of LVS’s international operations and constructions, and Garry Saunders, the former COO of Melco Resorts & Entertainment and vice president of LVS’s operations, as well as Mario Ho, an esports entrepreneur and Stanley Ho’s son, are among them.
eSports centre of Japan
“With our team and the Wakayama IR as the main base of the different clubs, we hope to make Wakayama the esports centre of Japan,” Ho noted.
The consortium’s gaming operator, Groupe Partouche, is listed on the Euronext Paris stock exchange and operates casinos, hotels, restaurants, spas, and golf courses. The company operates 42 casinos across France, Switzerland, and Belgium.
Partouche previously teamed up with Tokyo Stock Exchange-listed Pixel Companyz for an ultimately unsuccessful bid to host an IR in Nagasaki, which is now a three-horse race between the Oshidori Consortium of Oshidori International Development and Mohegan Gaming & Entertainment, Casinos Austria International Japan, and Niki Chyau Fwu.
Common vision of the national IR program
Clairvest Neem Ventures’ Jeff Parr commenting on the two consortium partner hires, said: “We share with our two partners a common vision of the national IR program in Japan and are convinced that this partnership will help strengthen the economic recovery after the COVID-19 pandemic, thanks to an increase in international customers as well as a significant influx in Wakayama Prefecture and the Kansai region,.”
The group will collaborate with the city on its development plan, according to Inside Asian Gaming, and the application must be presented to the Japanese government by April 28, 2022. If all of the necessary approvals are granted, the project might open in 2026/27.