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 doesn’t feel that Tokyo must be the receiver of the two casino licenses expected to be granted by the National Diet later this year.

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

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

‘Tokyo by itself is amazing. It’s like when people ask me, ‘Do you imagine New York and London need an integrated resort?’ No, they don’t really.’

Last December, Japan authorized commercial gambling at integrated resorts. The country’s legislative body is now tasked with writing another, more bill that is comprehensive address a bunch of concerns, such as for instance the number of video gaming licenses and the allowable areas.

Ho may be the son of Stanley Ho, who 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 look to develop and grow cities that are new. That is why he favors Osaka over Tokyo.

He thinks Tokyo’s massive size, which could be the monetary and governmental hub of the country and Continue reading “Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination”