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Caesars Entertainment has announced that it will not pursue a license for a casino in Japan and will focus instead on its current business plans, including the merger with Eldorado Resorts Inc.
Tony Rodio, CEO of Caesars Entertainment said that the Company management made the decision out of sensitivity to the Japanese government and business partners, who must make decisions this year to advance the casino process.
A casino in Japan is expected to cost more than $10 billion, with the government’s intended focus on generating tourism and convention revenue from adjacent hotels and meeting space.
“As Caesars has pursued a license to operate in Japan over many years, we have been treated with respect and goodwill by Japanese government, business and community leaders, and with kindness by all the Japanese people we have encountered during this journey,” Jim Hunt Chairman of Caesars said.
Source: Latest News on European Gaming Media Network
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