• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Melco Crown confident re Japan casino bid: Lawrence Ho

Mar 06, 2017 Newsdesk Japan, Latest News, Macau, Top of the deck  


Melco Crown confident re Japan casino bid: Lawrence Ho

Lawrence Ho Yau Lung, chairman and chief executive of Asian casino developer Melco Crown Entertainment Ltd, says he is confident regarding his firm’s intended bid for a Japan casino licence, in spite of “intense competition” posed by fellow casino operators.

“Japan is the best opportunity [for casino resort investment] outside Macau, so the competition is going to be very intense: the largest gaming and entertainment firms from around the world as well as local large-scale Japanese firms will head for it,” said Mr Ho (pictured in a file photo) on Saturday, in comments to reporters. “But we are still confident about it,” he added.

Mr Ho made the remarks while in Beijing to attend the latest meeting of the Chinese People’s Political Consultative Conference, an advisory body to China’s central government.

The Melco Crown boss had indicated at the CLSA Japan Forum 2017, an investor conference held in Tokyo last month, that the firm would “spend whatever we need to win”.

In a press statement issued on February 22, Melco Crown gave specifics on two possible locations in the city of Osaka, namely Umekita and Yumeshima.

Mr Ho noted in his Saturday comments that his firm would not in the meantime reduce its investment in Macau. He described that city as the “headquarters” of Melco Crown, and always its “best market”.

In November the firm said it expected to begin operating in 2018 a new, US$1-billion hotel tower with gaming at the City of Dreams casino resort in Macau.

In December Melco Crown told GGRAsia that plans were being developed for the second phase of Studio City a majority-owned casino resort that opened in the Cotai district in October 2015.

Mr Ho also briefly commented on a Macau government counter-proposal to an industry initiative suggesting stricter technical standards for air extraction systems in Macau casino smoking lounges. The industry’s proposal had been presented as an alternative to a complete ban on casino smoking.

Mr Ho said he was confident his company’s facilities could meet the standards proposed by the government, even though, according to the CEO of market rival SJM Holdings Ltd, that would mean air extraction standards normally associated with hospitals and medical laboratories.

“I think we can fulfill the government requirements [for casino smoking lounges], and that by doing so we can offer our clients more choices,” said Mr Ho.


  • tweet
Related articles
  • Nagasaki says Credit Suisse woes not to impact IR plan
    Nagasaki says Credit Suisse woes not to...

    Mar 20, 2023  

  • Macau ongoing cost curbs, extra rooms to up profit: JPM
    Macau ongoing cost curbs, extra rooms...

    Mar 14, 2023  

More news
  • Macau GGR for March 1 to 19 at US$845mln: JP Morgan
    Macau GGR for March 1 to 19 at...

    Mar 20, 2023  

  • Let’s Win hosts grand opening for club at Hoiana in Vietnam
    Let’s Win hosts grand opening for...

    Mar 20, 2023  


Latest News

Nagasaki says Credit Suisse woes not to impact IR plan

Nagasaki says Credit Suisse woes not to impact IR plan

Mar 20, 2023  

Credit Suisse Group AG, described last year by Nagasaki governor Kengo Oishi as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese prefecture...
Read More
Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Mar 20, 2023  

Let’s Win hosts grand opening for club at Hoiana in Vietnam

Let’s Win hosts grand opening for club at Hoiana in...

Mar 20, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


1.59 million

Total number of visitor arrivals to Macau in February



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Macau visitor tally up 14pct m-o-m in FebruaryMacau visitor tally up 14pct m-o-m in February March 17, 2023
  • LET Group flags 2022 loss of US$52mln, Hoiana repays loanLET Group flags 2022 loss of US$52mln, Hoiana repays loan March 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us