Tracy comes with one of the most distinguished resumes in Asian gaming. He previously led Sands China Ltd as the president and COO. Sands China is responsible for Las Vegas Sands’ operations in Macau. Tracy was set to retire when Hard Rock apparently made him an offer he couldn’t refuse.<\/strong><\/p>\nBefore Sands, Tracy worked with President Donald Trump, where he served as CEO of The Trump Organization.<\/p>\n
Tracy was also in attendance at the Tokyo conference this week, but took a softer tone in addressing the licensing process. He told the audience that Hard Rock is hoping to work with local partners in developing a Japanese IR casino project, and looks forward to future collaboration.<\/p>\n
Odds Anyone’s Guess<\/b><\/h2>\n
Trying to pinpoint which company truly has the upper hand in receiving Japan’s blessing to build a resort remains unclear.<\/p>\n
Investment research firm Morningstar still believes Sands is best positioned to find favor in Japan. The company’s experience in Macau and Singapore, plus a strong balance sheet, certainly makes Adelson’s empire a well-qualified applicant.<\/p>\n
Sands, MGM, and Melco have each pledged investments that could exceed $10 billion if they win a license.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hard Rock executives preparing the company’s pitch for a Japanese integrated resort (IR) license\u00a0say the country’s inexperience in the casino industry is making the process “unprecedented” in complexity. Daniel Cheng, senior vice president for business development, explained before the Japan Tourism Research Association in Tokyo that the lack of specifics regarding casino projects makes preparing […]<\/p>\n","protected":false},"author":42,"featured_media":53426,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18,61],"tags":[],"acf":[],"yoast_head":"\n
Hard Rock Says Japan Casino Licensing Process "Unprecedented"<\/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