According to Lawrence Ho, CEO of the company, that is the estimated amount for building the Yokohama resort, expected to become the greatest in the world<\/p>\n\n\n\n\n\n\n\n
Japan.- Yokohama metropolitan integrated resort is generating huge expectations since Melco Resorts & Entertainment Chairman and CEO, Lawrence Ho, said it will be the greatest resort in the world. Now, he put the idea into numbers: the project will cost up to $US 10 billion.<\/p>\n\n\n\n
Ho told Bloomberg agency details about the project: \u201cWe\u2019ve spent the most of our time and resources in the last couple of years in Yokohama which is conveniently situated 30 minutes from Tokyo and is very close to Haneda airport”, said in an interview.<\/p>\n\n\n\n
\u201cTo build the greatest and most amazing IR in the world in Japan needs to be situated in a city where the infrastructure and accessibility is there. That\u2019s why we\u2019ve declared that we are Yokohama First. Our main and only focus is on developing in Yokohama. Our view is that a resort in Yokohama will cost at least US$10 billion and will have some of the latest technological advancements in terms of smart cities and technologies”, he explained.<\/p>\n\n\n\n
According to Ho, besides how expensive the project is, growth opportunities as Japan will always be Melco\u2019s key investment strategy: \u201cOur focus is always going to be on organic growth”. <\/p>\n\n\n\n
“Over the last few years we\u2019ve given significant capital back to the shareholders via dividends, share buybacks, but at the same time Melco will always be a growth company and the biggest growth company in my lifetime will be Japan”, he added, and then he said to conclude. “We will continue to look at how best to deploy the capital but again our first priority will always be to focus on organic growth.\u201d
<\/p>\n","protected":false},"excerpt":{"rendered":"
According to Lawrence Ho, CEO of the company, that is the estimated amount for building the Yokohama resort, expected to become the greatest in the world<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts & Entertainment, led by CEO Lawrence Ho, estimates a $10 billion investment for its proposed integrated resort (IR) in Yokohama, Japan. Ho emphasizes Yokohama as their primary focus, highlighting its strategic location and the project's potential to be the world's greatest IR, incorporating advanced smart city technologies. This significant capital deployment underscores Japan's importance as a key organic growth market for Melco.","focusai_entities":"Lawrence Ho, Melco Resorts & Entertainment, Bloomberg","focusai_location":"Japan, Yokohama, Tokyo, Haneda","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), tech_data (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Yokohama IR Funding","query":"What specific capital allocation strategies will Melco employ to fund the estimated $10 billion Yokohama integrated resort, and what is the projected debt-to-equity structure?"},{"label":"Regulatory Framework Impact","query":"How might the Japanese government's final regulatory framework for integrated resorts influence the scope and operational profitability of a $10 billion project like Melco's Yokohama proposal?"}],"footnotes":""},"categories":[160,28],"tags":[29,470,2131],"class_list":["post-1407","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","tag-casino","tag-japan","tag-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1407"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1407\/revisions"}],"predecessor-version":[{"id":1424,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1407\/revisions\/1424"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}