an unidentified operator<\/a> advanced past the city’s pre-qualification stage to the request for proposal (RFP) round.<\/p>\nHo Likes Japan But Committed to Pragmatism<\/h2>\n
Melco’s leader remains enthusiastic about Japan’s future as the next great Asian gaming center. But he emphasizes that patience will be a virtue regarding the company’s plans there.<\/p>\n
\u201cWe remain convinced that Japan represents the best potential new gaming market globally,\u201d said Ho. \u201cAt the same time, we remain patient and will maintain our disciplined approach with respect to all development activities, including Japan.\u201d<\/p>\n
That reserved approach is warranted because building an integrated resort in the Land of the Rising Sun will be pricey. Estimates vary, but in the oft-cited estimates of $10 billion to $15 billion for a single, plush gaming venue, a Japanese casino property will be the most expensive of its kind on record. <\/strong><\/p>\nStill, Melco possesses some advantages when it comes to winning in Japan, should it choose to pursue objectives.<\/p>\n
\u201cOur focus on the Asian premium segment, a portfolio of high-quality assets, devotion to craftsmanship, dedication to world-class entertainment offerings, market-leading social safeguard systems, established track record of successful partnerships, the culture of exceptional guest service, and a continuing commitment to employee development puts Melco in a strong position to help Japan realize the vision of developing an exceptional IR with a uniquely Japanese touch,\u201d said Ho.<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco Resorts & Entertainment continues expressing interest in developing an integrated resort in Japan. But Chairman and CEO Lawrence Ho appears non-committal regarding Yokohama. On the company’s fourth-quarter earnings conference call last week, Ho discussed his company’s Japan ambitions. But he steered away from comments on the country’s second-largest city. While the process in Japan […]<\/p>\n","protected":false},"author":46,"featured_media":165817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Melco Japan Ambitions in Play, But Ho Doesn't Mention Yokohama<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n