The city of Yokohama discussed the various aspects and prospects of an integrated casino resort as a part of the Request For Information (RFI) process. The Japanese City would be the newest destination of a casino resort after new regulations were announced, which would allow creating three integrated casino resort in the country in the first phase.
Local media reports suggest that over 400 people attended the meeting including members of the press. The city Mayor, Fumiko Hayashi is engaging people from all walks of life to garner support for the new casino project.
Yokohama is considered one of the cheapest destinations for a Japanese casino resort, and the project is expected to cost around $12 billion.
Given the fact that gambling and gaming market in Asia is expanding, all top operators from across the globe are eyeing at a Japanese casino license. As such, many global gambling operators have established local partnerships.
Osaka has been in the lead in the license application process. Recently Osaka announced the name of the applicants who have applied for a casino license.
The five companies who have applied are Las Vegas Sands, Wynn Resorts, MGM Resorts, Melco Resorts, and Genting Singapore.
MGM Resorts have announced that they would be investing $9 billion to develop the Osaka IR.
Wynn resorts, CEO Matt Maddox, is still not confirmed about which location they are targeting. In a recent interview, he said that they are relying on the ‘quality’ which would land them a casino license in Japan.