Asia
Wynn Resorts Ltd Closes its Yokohama Office

Wynn Resorts Ltd has closed its Yokohama office after Japan’s plans to award casino licenses were delayed, but remains interested in the project.
“The pandemic is having an unprecedented negative impact on integrated resort development, and resort companies such as Wynn are considering how we evolve our operations to align with a post-pandemic market. Long term, we remain interested in the Japan integrated resort market and will monitor the situation closely,” the company said in a statement.
Wynn has been pursuing a casino in Japan for years. The country had been considered one of the biggest prizes in the industry, given Japan’s population and wealth. Japanese legislators approved the country’s first Vegas-style casino developments, known as integrated resorts, but none have yet been built.
A decision to focus on the U.S. market prompted Caesars Entertainment Corp. to end its pursuit of a Japanese casino last year. Las Vegas Sands Corp. said in May that it was also pulling out of the race, citing high tax rates, unfavourable terms and the cost of building there, which many have put at $10 billion.
MGM Resorts International, the lone remaining bidder for a casino in Osaka, said last week that it will continue to pursue the project despite delays in the process that could last until next year.
-
Asia5 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Africa6 days ago
Kiron announces the launch of its new virtual football title, Turbo League, with SportPesa in Kenya and Tanzania
-
Latest News7 days ago
Podium’s Racing Data to Power Dabble’s Social-led Betting Service in the UK
-
Aquisitions/Mergers6 days ago
NOVOMATIC successfully completes sale of ADMIRAL Austria to Tipico and focuses on international growth markets
-
Compliance Updates6 days ago
SOFTSWISS Releases Gambling Regulation Directory for iGaming Operators
-
Compliance Updates6 days ago
Alternative Dispute Resolution (ADR) Role and Certification
-
Central Europe6 days ago
SYNOT Games Delivers Bespoke Games Exclusively for SazkaHry.sk in the Slovak Market
-
Asia6 days ago
iRace Media extends partnership with The Hong Kong Jockey Club in Asia