Japan – It has been reported today that integrated resorts developer; Genting Singapore, which has been involved in gaming and integrated resort development in Australia, the Americas, Malaysia, the Philippines and the United Kingdom over the last twenty years, has stated that it will ‘focus efforts and resources’ on Yokohama, the second largest city in Japan by population.
A Genting Singapore spokesperson spoke about the announcement:
“While Genting Singapore participated in the Osaka RFC; after reviewing and considering shareholder feedback, it did not register for the Osaka RFP, for which registration closed on February 14, 2020”.
The government of Japan are set to issue three licenses for three integrated resorts in the country.
The spokesperson elaborated on the decision:
“Genting Singapore will continue to engage in the ongoing RFC by Yokohama, and focus efforts and resources on delivering a compelling proposal which will make Yokohama a must-visit tourism destination, with particular prominence in MICE and leisure.”
Local government ministers in Yokohama announced last week that it would be releasing its draft basic policy next month and that a period of consultation would follow, with a finalised basic policy expected by June 2020.
Reportedly, Genting Singapore bid against MGM Resorts; an American global hospitality and entertainment company operating destination resorts in Las Vegas, Detroit, Mississippi, Maryland, and New Jersey and Galaxy Entertainment; which owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.