Wynn Resorts To No Longer Pursue Osaka Casino License

Wynn Resorts To No Longer Pursue Osaka Casino License

US-based gambling and hospitality giant Wynn Resorts have dropped their pursuit of a casino license in Osaka. It joins the group of other operators including Las Vegas Sands which dropped its plans for a casino in the Osaka prefecture.

According to the media reports, a company spokesperson has expressed gratitude for being in talks with the city authorities but they are dropping their plan for a casino.

“Although we have decided not to pursue an Integrated City Resort in Osaka at this time, we wish the city the very best and look forward to following its continued success. Wynn Resorts is currently focused on the Kanto area.”

Earlier this year in August, Las Vegas Sands Corp. confirmed that they are no longer pursuing an integrated casino license in the Osaka prefecture.

In an announcement on Thursday Vegas Sands Chairman and Chief Executive Officer Sheldon Adelson said that they think that an investment in Tokyo or Yokohama gives them the best opportunity.

Last month, Melco released its “Yokohama First” strategy as a part of its plan to tap into the newly regulated Japanese casino gambling industry.

With only three contenders for Osaka Casino, Fitch Ratings reported following its research that MGM is the top contender for the Japanese IR license in Osaka.

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