\nWe are always happy to go through the regulatory process,” the billionaire said. “I think if anything, if you look at our track record of developing our global footprint overseas, we always prefer jurisdictions where there is a strong governance and strong regulatory regime which is why we’ve shied away from some of the other smaller Asian countries where their regulatory regime wasn’t as developed.”<\/p>\n<\/blockquote>\n
“Again, it will further demonstrate to Japan that we are a global player that is not afraid of compliance and probity reviews,” Ho concluded.<\/p>\n
Melco Expansion<\/b><\/h2>\n
Macau remains the world’s richest gambling hub, with the six licensed casino operators there winning more than $37.8 billion on their gaming floors last year. But Ho’s Melco is diversifying its investments and expanding to new markets.<\/p>\n
The company is already invested in the Philippines by way of its City of Dreams Manila resort. Melco is currently building a City of Dreams in Cyprus at a cost of $617 million that’s slated to open in 2021.<\/p>\n
Melco is committed to winning one of the coveted casino licenses in Japan, and the company’s attempt to acquire a substantial stake in Crown Resorts would expand the company to Australia.<\/strong><\/p>\nMelco was partnered with Crown until 2017 when the two entities separated. The move came after numerous Crown employees were arrested in China and charged on allegations of committing “gambling-related crimes.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco Resorts CEO Lawrence Ho is being investigated by financial and securities regulators in Australia, but that’s just fine by the billionaire casino tycoon. Ho, 43, reached an agreement late last month with fellow billionaire and former business partner James Packer to acquire a nearly 20 percent stake in Aussie casino empire Crown Resorts. But […]<\/p>\n","protected":false},"author":25,"featured_media":106403,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"yoast_head":"\n
Lawrence Ho Says Australian Probe Will Help Melco Resorts in Japan<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n