Upcoming casino regulation in Japan is attracting companies from all over the world, like Las Vegas Sands, which could build a US$10bn IR.
Japan.- The Japanese Government is closing in on a regulation frame for the casino industry and integrated resorts and major companies are already set to invest. According to George Tanasijevich, CEO of Marina Bay Sands, Las Vegas Sands is set to develop a US$10 billion IR that would surpass Singapore’s Marina Bay Sands resort.
Tanasijevich said in an interview that the it would be the largest investment by the company on a single IR but explained it has the requisite financial werewithal. He also added that facilities like a world-class concert hall and sports facilities would be key for the development to attract people, since Japanese population is generally against casinos.
Besise Las Vegas Sands, Hard Rock International is interested in making an investment on the island as well. According to CEO of Hard Rock Japan Edward Tracy, the company’s strength lies in the development of facilities of all sizes, so we’ll have to wait and see what it has in store for the Japanese market.