Melco To Shift Headquarters To Japan

Melco To Shift Headquarters To Japan

The competition for the Japanese integrated resort license is heating up. Major global gambling giants are vying to get the necessary permits after Japan revised its gambling laws and are now ready to have three integrated Casino resorts in the first phase.

While Melco is a strong contender to the IR License, the company is leaving no stone unturned to get better of the competitors. Melco Chairman Lawrence Ho has recently announced that the company Headquarters may shift to Japan and that he is also ready to relocate.

At present, the company is headquartered in Hong Kong.

“If we win a license to develop an integrated resort, I will personally move to Japan, my executive team will move to Japan, and our head office will move to Japan,” Ho said during a Japan Gaming Congress presentation in Tokyo.

Melco is in the race for an IR License in Osaka. Towards the end of April this year, Osaka officially announced that they are open to proposals from operators for the much awaited and coveted Integrated Casino License. The Japanese city plans to have an integrated resort operational before the 2025 World Expo.

While Melco is capitalizing on its development plan for the proposed casino, it has announced a budget of $10 billion which is at par with the competitors.

The Osaka IR site is a sprawling 49-hectare piece of land on the artificial island Yumeshima. The integrated resort would feature an international conference center with a capacity of over 6,000 guests and also five-star accommodation facilities with a minimum of 3000 rooms.

The deadline for applications to be submitted is 24 May 2019.

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