Melco Resorts owner Lawrence Ho does not feel that Tokyo should be the recipient of the two casino licenses anticipated to be issued by the National Diet later this year.

Billionaire Lawrence Ho would like to get their hands on certainly one of Japan’s two casino licenses, but hopes to do this in Osaka.

Talking with Bloomberg this week, Ho opined that the entire world’s many populated metropolis doesn’t need a casino to attract individuals. Instead, the 40-year-old, worth an estimated $2 billion, said he believes a populous city such as for example Osaka makes more sense for Japan.

‘Tokyo by itself is amazing. It’s like when individuals ask me, ‘Do you might think New York and London need a resort that is integrated’ No, they don’t.’

Final December, Japan authorized gambling that is commercial integrated resorts. The country’s legislative body is now tasked with writing another, more comprehensive bill that address a host of concerns, such as for instance the number of video gaming licenses and the allowable places.

Ho could be the son of Stanley Ho, whom held a gaming monopoly on Macau for 40 years before the early 2000s. Today, Melco has several properties in Macau City of desires.

Making Macau

Ho is under the impression that Japan should turn to develop and develop brand new towns. That is why he favors Osaka over Tokyo.

He thinks Tokyo’s massive size, which could be the economic and po