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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 must be the recipient of the two casino licenses likely to be given by the National Diet later this year.

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

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

‘Tokyo on it’s own is amazing. It is like whenever people ask me, ‘Do you think New York and London need an integrated resort?’ No, they don’t.’

Last December, Japan authorized gambling that is commercial integrated resorts. The country’s legislative body happens to be tasked with writing another, more bill that is comprehensive address a number of concerns, such as for example how many video gaming licenses and the allowable locations.

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

Making Macau

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

He thinks Tokyo’s massive size, which could be the financial and political hub of the nation