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bicycle casino poker atlasHo desperately hopes to add another country to that list: Japan.Like Las Vegas Sands, MGM Resorts, Wynn doubledown casino hunters clubResorts, Hard Rock, Galaxy Entertainment, and most every other major casino operator, Melco is focused on winning licensure in Japan. Also, a stabilization of the renminbi. Billionaire Melco Resorts CEO Lawrence Ho says the ongoing trade war between China and the US is most responsible for what he calls a “down year” in the casino enclave. slot machine casino win jackpot(Image: CNBC)Through October, gross gaming revenue (GGR) in the Chinese Special Administrative Region is down 1.8 percent. (Image: CNBC)Through October, gross gaming revenue (GGR) in the Chinese Special Administrative Region is down 1.8 percent. Our fund is really targeting more rural cities.”In addition to its Yokohama casino effort, Melco recently announced two non-gaming investments in Japan. las vegas wynn casino sports book golden nugget casino in lake charlesfree slots house of funHo said he’s in Japan almost weekly.Ho explained that unlike the frontrunners – Sands and MGM, who are respectively targeting Tokyo and Osaka – Melco is better-positioned to meet Japan’s goal of legalizing the properties.“We understand the Japanese government, part of their strategy for integrated resorts is to introduce people to regional Japanese cities,” Ho stated. Ho desperately hopes to add another country to that list: Japan.Like Las Vegas Sands, MGM Resorts, Wynn doubledown casino hunters clubResorts, Hard Rock, Galaxy Entertainment, and most every other major casino operator, Melco is focused on winning licensure in Japan. Japan’s second-most-populated city is a major commercial hub in the Greater Tokyo Area. harrah s casino telephone number“But it’s as expected with the US-China trade war, renminbi devaluation. “But I think for most operators, and especially Melco, our bottom line has been very strong. The country plans to build a hot springs resort in Hakone, near Tokyo, and a ski resort in Nagano.riverwind casino rewards soaring eagle casino logoonline gambling ohio(Image: CNBC)Through October, gross gaming revenue (GGR) in the Chinese Special Administrative Region is down 1.8 percent. The Macao Gaming Show (MGS) 2019 expo at the Venetian Macao pulled in almost 20,000 visitors last week, according to organizers. If that rate persists during the final two months, Macau’s six licensed casino operators will win around .1 billion in 2019.“We’re going to have a down year, for sure,” Ho told CNBC. That’s a 17 percent premium on the same ten months in 2018.Ho is the son of Macau “King of Gambling” Stanley Ho, whose SJM Holdings enjoyed a monopoly on gaming in the region for decades before the enclave was returned to Chinese control.Robust Bottom LineMacau casinos have given more attention to the mass market as visitation from the demographic increases. I think these are all positive impacts for Macau,” the gaming tycoon added.Japan UpdateMelco Resorts owns three integrated resorts in Macau, another in the Philippines, and soon Cyprus. That’s a 17 percent premium on the same ten months in 2018.Ho is the son of Macau “King of Gambling” Stanley Ho, whose SJM Holdings enjoyed a monopoly on gaming in the region for decades before the enclave was returned to Chinese control.Robust Bottom LineMacau casinos have given more attention to the mass market as visitation from the demographic increases. gslot casino no deposit bonus codes riverwind casino email |