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encore casino drug test(Image: European Gaming)In a filing made with the Hong Kong Stock Exchange, the casino giant revealed it is opening an office in Yokohama, one of just three prefectures that has expressed interest in welcoming one of the integrated resorts (IR).Japan continues to be the group’s core focus,” the Melco filing explained. Vietnam’s current policy is that an operator looking to build a casino there must commit at least billion to the project and fork over an initial fee, called a disbursement, of half the venture’s cost before a license is awarded.The new proposal, according to MoF, will help resolve diffiLooser capital requirements could stoke casino investment in Vietnam (Image: Viet Nam Gaming)The country is home to nearly 40 casinos, but long-standing policies take mostly hard lines against gambling. That’s likely because its odds are longer of obtaining licensure than the Sands and MGM, the two frontrunners.MGM is committed to Osaka, with CEO Jim Murren saying, “We’ve made a decision to focus all of our energy on Osaka.” Sands surprised many last week when the company said it’s focusing not on Osaka, but Tokyo and Yokohama.Sands CEO Sheldon Adelson explained that his casino empire wants to “target new development opportunities that allow us to maintain our industry-leading returns on invested capital. “With offices in Tokyo and Osaka and an upcoming one in Yokohama, along with a local leadership team, the group is now fully engaged to explore local partnerships and to further build up our local presence.”Melco, founded in 2004 by billionaire Lawrence Ho, one of 17 children by Macau’s “King of Gambling” Stanley Ho, operates casinos in the Chinese enclave and in the Philippines.Japan Competition Melco Resorts isn’t the only game in town for Japanese officials. Vietnam’s current policy is that an operator looking to build a casino there must commit at least billion to the project and fork over an initial fee, called a disbursement, of half the venture’s cost before a license is awarded.The new proposal, according to MoF, will help resolve difficasinos like red stag casino

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