Don’t count Wynn Resorts out from the Integrated that is japanese ResortIR) competition just yet. The casino operator denies reports that they’ve abandoned the hunt, while a operator that is european reported to be lowering by themselves efforts.
“Wynn Resorts continues to closely monitor the integrated-resort situation in Japan and views the nation as a solid market that is potential” Wynn told the Las Vegas Review-Journal newspaper.
Reports surfaced earlier this week that Wynn was bowing out of a Yokohama that is potential bid but that doesn’t suggest they aren’t still thinking about Japan. it is simply Yokohama has a lot of problems, they write:
“While Wynn’s good search for an IR development in the nation is undiminished, it won’t be playing the request-for-proposal that is upcoming by the City of Yokohama, because there is not yet clarity regarding the post-COVID-19 international IR market nor the definitive national basic policy to meaningfully update our previously submitted plans and to complete, with the necessary detail, the documents published by the city.”
While Yokohama hasn’t given up on IRs just yet, the public pressure him out off office, or merely off the prospects of an IR license against them could force the mayors hand, and push. In either case, that’s lots of doubt for a casino that is major to bet on.
But despite Wynn’s remarks that Wynn was Japan that is still watching Executive Matt Maddox has formerly stated, “Back in March, we decided that until there’s more quality on which business will probably appear to be, exactly what the planet will probably appear to be, and exactly what the laws actually are over here, we’re virtually ceasing our efforts.”
With Osaka’s bid cornered by MGM Resorts, Mohegan Gaming considering Nagasaki, and Yokohama out from the picture, that leaves options that are few for Wynn to consider. Wakayama, maybe?
Meanwhile, Inside Asia Gaming reports Groupe Barrière are winding down their Japanese IR efforts, specifically for Wakayama. The casino that is european neglected to answer Wakayama’s ask for Proposal (RFP) process, and it isn’t likely to submit plans for Nagasaki’s either. The operator is probable struggling from shutdowns of its gambling enterprises, as a result of the Covid-19 pandemic.
That Leaves Suncity Group Holdings and Clairvest Neem Ventures as the sole interested parties in Wakayama for the brief minute, unless Wynn really wants to get right back into the mix.