{"id":64408,"date":"2017-12-01T16:00:52","date_gmt":"2017-12-02T00:00:52","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=64408"},"modified":"2017-12-01T16:01:48","modified_gmt":"2017-12-02T00:01:48","slug":"melco-pledges-move-headquarters-japan-receives-casino-license","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/","title":{"rendered":"Melco Pledges to Move Headquarters to Japan if it Receives Casino License"},"content":{"rendered":"

Melco Resorts & Entertainment Chairman Lawrence Ho has vowed to do \u201cwhatever it takes\u201d in order to get into the Japanese casino market<\/a> when it opens.<\/p>\n

\"Melco
Lawrence Ho plans to do whatever it takes to secure a Japanese gaming license for Melco, including moving its headquarters to the country. (Image: Jonathan Wong)<\/figcaption><\/figure>\n

That commitment now includes a pledge to move the company\u2019s headquarters to Japan should it receive a license to operate in the country.<\/p>\n

That promise came as Ho visited Tokyo with a group of Melco executives. The visit followed similar visits by executives from Las Vegas Sands and MGM, as many of the world\u2019s gaming giants hope to capitalize on the first opportunities to target perhaps the largest untapped casino market in the world.<\/p>\n

\u201cI would personally move here while we are building it, and we would move the core management team and headquarters here,\u201d Ho said during an interview in Tokyo.<\/p>\n

Gaming Firms Jockey for Position in Japan<\/strong><\/h2>\n

The move is part of an all-out effort by several firms to gain a foothold in the Japanese market. The Japanese legislature passed a bill last year to legalize and regulate casino gambling in principle, and is expected to pass a second bill that would set the terms for integrated resorts sometime in 2018.<\/p>\n

Once that happens, the race will be on to grab a piece of what many believe will be two initial licenses, possibly in Osaka and Yokohama. Analysts have predicted that Japan could eventually generate as much as $25 billion in gaming revenue annually, with MGM and Las Vegas Sands each saying they would be willing to spend as much as $10 billion on a resort in the country.<\/p>\n

Ho has said that he would be willing to outspend his rivals in order to secure a bid. Melco could also partner with local firms to solidify their efforts, though the company would want to keep as large a stake in the project as possible.<\/p>\n

\u201cWe already have had discussions with Japanese financial institutions that would be interested to be part of a financing group,\u201d Ho said, though he did not name any specific banks.<\/strong><\/p><\/blockquote>\n

Melco Promises Technological Innovation at Japanese Resort<\/strong><\/h2>\n

Beyond simply outspending the competition, Melco has made a range of proposals designed to be attractive to the Japanese government<\/a>. Moving the company headquarters to Japan is a major one, but the firm has also emphasized the advanced technologies it would be willing to incorporate in its resort.<\/p>\n

On Thursday, Melco announced that it hoped to run a fully-integrated biometric intelligence system in a future Japanese resort, one that would be fully accessible to the Japanese government free of charge.<\/p>\n

\u201cIntegrated throughout the entire property will be the world\u2019s most advanced facial recognition technology for enabling responsible gaming and security,\u201d Melco said in a press release. The company also says that their concept for an integrated resort, known as \u201cThe City of the Future,\u201d would feature a futuristic fa\u00e7ade and would be energy-neutral.<\/p>\n

\u201cThe City of the Future will make its surroundings even better,\u201d Ho said. \u201cIt will cultivate sustainable local consumption. And it will attract the most valuable type of tourism \u2013 mass luxury.\u201d<\/p>\n

Assuming a regulatory bill passes in Japan in 2018, the first casinos are expected to open in the country no earlier than 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

Melco Resorts & Entertainment Chairman Lawrence Ho has vowed to do \u201cwhatever it takes\u201d in order to get into the Japanese casino market when it opens. That commitment now includes a pledge to move the company\u2019s headquarters to Japan should it receive a license to operate in the country. That promise came as Ho visited […]<\/p>\n","protected":false},"author":42,"featured_media":64410,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61,1],"tags":[],"acf":[],"yoast_head":"\nMelco Pledges to Move Headquarters to Japan if it Receives Casino License<\/title>\n<meta name=\"description\" content=\"Melco Resorts will move their headquarters to Japan and integrate advanced new technology if they earn a casino license in the Japanese market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Melco Pledges to Move Headquarters to Japan if it Receives Casino License\" \/>\n<meta property=\"og:description\" content=\"Melco Resorts will move their headquarters to Japan and integrate advanced new technology if they earn a casino license in the Japanese market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-02T00:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-02T00:01:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/2a3bd2cc-acd8-11e7-9cb1-5f6b75e2d8b2_1280x720_223010.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"551\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/\",\"url\":\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/\",\"name\":\"Melco Pledges to Move Headquarters to Japan if it Receives Casino License\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/2a3bd2cc-acd8-11e7-9cb1-5f6b75e2d8b2_1280x720_223010.jpg\",\"datePublished\":\"2017-12-02T00:00:52+00:00\",\"dateModified\":\"2017-12-02T00:01:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Melco Resorts will move their headquarters to Japan and integrate advanced new technology if they earn a casino license in the Japanese market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/melco-pledges-move-headquarters-japan-receives-casino-license\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/2a3bd2cc-acd8-11e7-9cb1-5f6b75e2d8b2_1280x720_223010.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/12\/2a3bd2cc-acd8-11e7-9cb1-5f6b75e2d8b2_1280x720_223010.jpg\",\"width\":980,\"height\":551,\"caption\":\"Lawrence Ho plans to do whatever it takes to secure a Japanese gaming license for Melco, including moving its headquarters to the country. 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