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 receiver of the two casino licenses likely to be given by the National Diet later this year.
Billionaire Lawrence Ho really wants to get his 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 entire world’s most metropolis that is populatedn’t require a casino to attract individuals. Instead, the 40-year-old, 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’s like whenever individuals ask me personally, ‘Do you believe New York and London need a resort that is integrated’ No, they don’t really.’
Final December, Japan authorized gambling that is commercial integrated resorts. The country’s legislative body happens to be tasked with writing another, more comprehensive bill that address a host of concerns, such as for instance the amount of gaming licenses and the allowable areas.
Ho is the son of Stanley Ho, who held a gaming monopoly on Macau for 40 years until the very 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 may be the financial and politic