Groupe Lucien Barriere changes its brain on Japanese casino bid

French casino and resort operator Groupe Lucien Barriere has reportedly changed its brain and didn’t pursue the opportunity to run certainly one of Japan’s coming trio of built-in casino resorts.

According to a written report from inside gaming that is asian the Paris-headquartered firm is responsible for over 30 casinos spread across France, Egypt and Switzerland and was said to be interested in participating in the race for one of three inaugural licenses to build and operate a Las Vegas-style development in Japan. The source detailed that the company was especially keen on the bid being prepared by Wakayama Prefecture while simultaneously keeping a eye that is close a rival undertaking from Nagasaki Prefecture.

Coronavirus consideration:

However, the financial chaos from the ongoing coronavirus pandemic has reportedly prompted a rethink with Groupe Lucien Barriere having now opted never to indulge in the request for proposition (RFP) phase of this built-in casino resort pitch being assembled by Wakayama Prefecture. This southern Honshu jurisdiction is purportedly set to get authorization for a 40-year permit that could give it time to bring a gambling-friendly development featuring numerous accommodations, event facilities and retail elements to a 50.7-acre plot of privately-owned land in the Marina City synthetic area.

Dueling duo:

With Groupe Lucien Barriere not involved, officials in Wakayama Prefecture have finally apparently been kept to think about propositions from just two possible operators in Suncity Group Holdings Japan business Limited, that will be the area supply of Hong Kong-headquartered estate that is real Suncity Group Holdings Limited, and the Clairvest Neem Ventures subordinate of Canadian private equity management firm Clairvest Group Incorporated. As such and the community of some 945,000 people is purportedly currently evaluating the merits of the two runners’ individual bids in hopes of being able to have named an winner that is ultimate of a March of 2022 deadline.

Ebbing interest:

The modification of heart from Groupe Lucien Barriere on Japan apparently follows a similar u-turn that is coronavirus-induced*) from United states counterpart Wynn Resorts Limited, which recently detailed so it had abandoned its very own drive to possibly run a built-in casino resort being prepared for the giant town of Yokohama. This news purportedly moreover arrived after Nagasaki Prefecture detailed that its very own RFP campaign had drawn tangible bids from five applicants rather compared to seven it had initially expected.

Latest posts