Ho, Adelson seek Japan resort

Ho, Adelson seek Japan resort

April 17, 2018 3:00 AM
by

A verbal bidding war appears to have erupted over the chance to build an integrated casino resort in Japan.

Melco Resorts & Entertainment CEO Lawrence Ho told Nikkei Asian Review on Friday, “If we are lucky enough to be selected for one of the major cities, we will be spending more than $10 billion.”

Las Vegas Sands Chairman Sheldon Adelson recently said his company would spend $10 billion, if permitted to operate in Japan.

Ho also said he is encouraged by the recent progress on casino regulation in the Japanese Diet (legislature). A bill could be submitted to the Diet shortly, initially allowing three large integrated resorts to be built in three major cities.

Melco invested $10 billion in Macau when it built the City of Dreams and Studio City integrated resorts, but it would invest more in Japan if it awarded a license, Ho promised.