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Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination

12 Mar , 2020,
Beth Weissman
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Melco Resorts Owner Lawrence Ho Prefers Osaka Over Tokyo for Casino Destination

Melco Resorts owner Lawrence Ho doesn’t feel that Tokyo should be the receiver of the two casino licenses likely to be released 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 achieve this in Osaka.

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

‘Tokyo by itself is amazing. It’s like when individuals ask me, ‘Do you believe New York and London need a resort that is integrated’ No, they do not.’

Final December, Japan authorized commercial gambling at integrated resorts. The nation’s legislative body happens to be tasked with writing another, more bill that is comprehensive address a host of issues, such as for instance the amount of gaming licenses and the allowable places.

Ho may be the son of Stanley Ho, who held a gaming monopoly on Macau for 40 years until the 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 monetary and governmental hub of the country a

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