{"id":4331,"date":"2019-09-20T09:56:16","date_gmt":"2019-09-20T09:56:16","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4331"},"modified":"2019-09-20T09:56:26","modified_gmt":"2019-09-20T09:56:26","slug":"melco-drops-osaka-and-focuses-solely-on-yokohama-for-integrated-resort-bid","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/melco-drops-osaka-and-focuses-solely-on-yokohama-for-integrated-resort-bid\/","title":{"rendered":"Melco Drops Osaka To Focus On Yokohama For Integrated Resort Bid"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2019\/08\/melco-resorts-and-entertainment.jpg\" alt=\"Melco Resorts &amp; Entertainment\" class=\"wp-image-4300\" width=\"300\"\/><\/figure><\/div>\n\n\n\n<p>The <a href=\"https:\/\/livejapan.com\/en\/in-tokyo\/in-pref-tokyo\/in-ueno\/article-a0001601\/\">leading Japanese cities<\/a> are scrambling to become one of the first three cities to get a multi-billion dollar integrated casino resort developed within their borders. The current legislation requires foreign casino operators to partner with a local company in order to apply for a license and develop an integrated resort.\u00a0<br><\/p>\n\n\n\n<p><strong>Melco Entertainment<\/strong> is one of those operators hoping to break into Japan. Melco made a huge announcement this week stating that it was no longer interested in developing an integrated resort in Osaka and will go with a \u201c<em>Yokohama First<\/em>\u201d policy.<br><\/p>\n\n\n\n<p>This move was announced by <strong>CEO Lawrence Ho Yau Lung<\/strong> who clarified that the Yokohama First policy meant that the company will be fully focusing their efforts on the Yokohama proposal instead of having a secondary location as a backup plan. Melco\u2019s move will be in conjunction with its plan to open an office in Yokohama.<br><\/p>\n\n\n\n<p>Melco has been showing signs of favoring Osaka since 2017, when Mr. Ho said that the Kansai region which is where Osaka is located would be a great location for a casino resort. Earlier this year, Melco confirmed that it would be <a href=\"https:\/\/www.top10casinowebsites.net\/news\/seven-casino-operators-submit-request-for-concept-for-osaka-integrated-resort\/\">bidding for the Osaka partnership along with five other companies<\/a>.<\/p>\n\n\n\n<p><strong>Bloomberg Live<\/strong><\/p>\n\n\n\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/AwEpz_-vhXQ?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>&nbsp;\n\n\n\n<p>The fact that Melco suddenly decided to drop Osaka from its plans comes as a big surprise as it narrows Melco\u2019s chances of obtaining a license.&nbsp;<br><\/p>\n\n\n\n<p>Mr. Ho thanks the Osaka government and the city of Osaka for being very considerate in all their discussions held in the past few years and appreciated their commitment and professionalism.&nbsp;<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Going Up Against Las Vegas Sands<\/strong><br><\/h2>\n\n\n\n<p>Now that Melco has decided to refocus all of its efforts on Yokohama, this will put it at odds with a familiar adversary, <strong>Las Vegas Sand Corp<\/strong>. The US-based company is also a rival to Melco in the Macau gaming market.\u00a0\u00a0<br><\/p>\n\n\n\n<p>Las Vegas Sands announced that they would focus on Tokyo and Yokohama for what could be a $10 billion dollar casino resort. Melco has so far not confirmed as to how much they would be willing to invest to <a href=\"https:\/\/www.top10casinowebsites.net\/news\/yokohama-open-to-having-an-integrated-casino-resort\/\">develop an integrated resort in Yokohama<\/a>. Sands Corp has also confirmed in the past that they were not interested in Osaka.\u00a0<br><\/p>\n\n\n\n<p>The decision by Melco to drop Osaka from their plans makes it easier for MGM Resorts who is very keen on developing a casino resort in Osaka.&nbsp;&nbsp;<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading Japanese cities are scrambling to become one of the first three cities to get a multi-billion dollar integrated casino resort developed within their borders. The current legislation requires foreign casino operators to partner with a local company in order to apply for a license and develop an integrated resort.\u00a0 Melco Entertainment is one [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4331","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Melco Drops Osaka To Focus On Yokohama For Integrated Resort Bid<\/title>\n<meta name=\"description\" content=\"Melco made a huge announcement this week stating that it was no longer interested in developing an integrated resort in Osaka... find out why..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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