Wynn Resorts focus in Yokohama IR

The company will be opening a new office on the 18th floor of Yokohama Landmark Tower within the city’s Minato Mirai

Japan.- After dropping Osaka, Wynn Resorts has declared that its IR licensing efforts will be focus in Yokohama, one of the three candidates to host a resort in Japan. In addition, the company will be opening a new office in the major port city.

Since Japan announced that will give 3 IR licences in 2021, Wynn Resorts had expressed its interest in bidding for a major urban resort. It was one of the seven entities involved in Osaka’s request-for-concept (RFC) phase  that began in late April but last October they confirmed that Osaka was no longer an objective. The last days, the company informed its new interest.

“We have been carefully investigating and studying candidate sites all over Japan. Yokohama already has many attractive tourist facilities, and its MICE facilities have a high potential. We think it is a place where tourists can base their stays in Japan,” said CEO Matt Maddox.

But the race for an IR in Yokohama has a lot of competitors. Melco Resorts & Entertainment already declared its “Yokohama First” policy and intention to open a local office in September. Las Vegas Sands also indicated in October that Yokohama had become the main focus of its attention in Japan.
Japan national government informed that they won’t accept IR certification applications until January 2021 and the three locations will be decided in the end of the year.