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 does not feel that Tokyo should be the recipient of the two casino licenses expected to be given by the National Diet later this year.

Billionaire Lawrence Ho would like to get his hands on one of Japan’s two casino licenses, but hopes to achieve this in Osaka.

Talking with Bloomberg this week, Ho opined that the entire world’s many populated metropolis doesn’t require a casino to attract people. Instead, the 40-year-old, worth an estimated $2 billion, said he believes a populous town such as for example Osaka makes more sense for Japan.

‘Tokyo by itself is amazing. It is like whenever people ask me, ‘Do you believe brand New York and London need an integrated resort?’ No, they do not.’

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

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

Making Macau

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

He believes Tokyo’s massive size, which may be the financial and governmental hub regarding the n Continue reading “Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination”