Asia

Caesars Drops the Plans for Casino License in Japan

Published

6 years ago

August 30, 2019

Niji Narayan

Caesars Drops the Plans for Casino License in Japan

Photo Source: cnn.com

Reading Time: < 1 minute

Caesars Entertainment has announced that it will not pursue a license for a casino in Japan and will focus instead on its current business plans, including the merger with Eldorado Resorts Inc.

Tony Rodio, CEO of Caesars Entertainment said that the Company management made the decision out of sensitivity to the Japanese government and business partners, who must make decisions this year to advance the casino process.

A casino in Japan is expected to cost more than $10 billion, with the government’s intended focus on generating tourism and convention revenue from adjacent hotels and meeting space.

“As Caesars has pursued a license to operate in Japan over many years, we have been treated with respect and goodwill by Japanese government, business and community leaders, and with kindness by all the Japanese people we have encountered during this journey,” Jim Hunt Chairman of Caesars said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.