Written by :
Aaron Goldstein
Published on :
Melco-Crown Entertainment, a joint venture between Macau casino tycoon Lawrence Ho and Australian gambling billionaire, James Packer, has announced plans to invest US$5 billion into a new casino resort in Japan.
Speaking to Bloomberg News, Ho state: "If Japan opens up and allows integrated resorts in Tokyo, Osaka, the market could easily be in excess of $10 billion to $15 billion or more."
US-based casino operators Wynn Resorts and MGM are also seeking to expand its casino empire in Japan.
Japan has long been touted as an attractive gaming market with a large and relatively rich population base, Bloomberg News noted.
- Aaron Goldstein, Gambling911.com
