recently expressed concerns<\/a> about the Yokohama bidding process and going it alone. It also said it might make sense to partner with a foreign company to better lure Chinese gamblers to Japan.<\/p>\n<\/div>\nThe combination of Genting, Kajima, and Sega Sammy is potentially potent, because it not only includes local companies but also has operators with Asia-Pacific gaming experience. Genting is one of the largest gaming firms in the region, while Sega Sammy is a minority partner in a South Korean integrated resort.<\/p>\n
For its part, Melco is working with Japan-based Taisei Corporation.<\/p>\n
What’s Next for Yokohama<\/h2>\n Yokohama revealed its plans to pursue a gaming license in August 2019 and initiated a request for concept (RFC) round in December of that year.<\/p>\n
Initially, there was a crowded field of competitors vying for the rights to partner with the city. But concerns about costs and lack of clarity on a policy framework led to the withdrawals of Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), and, most recently, Galaxy.<\/p>\n
Genting and Melco have until June 11 to submit proposals to Yokohama. From there, the city will begin its selection process, with the aim of bringing a pitch to the federal government in April 2022. Other competitors in the Japan integrated resort race include Nagasaki and Wakayama prefectures and the city of Osaka.<\/strong><\/p>\nIt’s unlikely that Yokohama officials will publicly comment on what group — Genting or Melco — is the leader. However, analysts are speculating it’s Genting’s competition to lose<\/a>. That thesis could be further enhanced by the gaming company<\/a> partnering with Kajima and Sega Sammy.<\/p>\n","protected":false},"excerpt":{"rendered":"As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama’s request for proposal (RFP) plans. Japan’s second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected to partner with the city in its approach to the federal government in […]<\/p>\n","protected":false},"author":46,"featured_media":175205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Yokohama RFP Down to Just Genting Singapore, Melco<\/title>\n \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