Still, it’s easy to see why companies want in on the action in Japan: the country’s gaming market could be worth $15 billion by 2025, according to some Wall Street projections.<\/p>\n
2020 is really going to be the year when the integrated resort moves forward (in Japan),\u201d said Ho in the Bloomberg <\/i>interview. \u201cI’m in Japan every week now. So we’re really getting ramped up for next year.\u201d<\/p><\/blockquote>\n
It’s expected that Japan’s government won’t begin fielding proposals from prefectures and cities that want casinos until early 2021. The initial round of gaming permit awards will grant three licenses.<\/p>\n
Cost Context<\/h2>\n
Even if an operator can contain Japan costs to $10 billion, that price tag would be whopping relative to figures previously spent on some of the world’s most plush gaming properties.<\/p>\n
Adjusted for inflation, the costs for the Cosmopolitan, Wynn Las Vegas, and Bellagio, three of the Strip’s glitziest venues, combine for $9.74 billion.<\/strong><\/p>\nAdding further context to a $10 billion Japan spend, that sum would be nearly five times the $2.10 billion Melco shelled out on the City of Dreams in Macau.<\/p>\n
If LVS can cap its Japan effort at $10 billion, that would be nearly double the $5.36 billion spent on the Marina Bay Sands in Singapore, a venue serving as inspiration<\/a> for the company’s plans in the Land of the Rising Sun.<\/p>\n","protected":false},"excerpt":{"rendered":"Add Melco Resorts Chairman and CEO Lawrence Ho to the list of gaming executives forecasting massive price tags to build high-end integrated resorts in Japan. Ho, leader of one of the largest gaming companies operating in Asia, recently put an 11-figure estimate on the costs for a Japanese gaming property. Our view is that a […]<\/p>\n","protected":false},"author":46,"featured_media":121813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Melco CEO Ho Says a Japan Integrated Will Cost at Least $10 Billion<\/title>\n\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