oxford casino eventsMelco announcing investments in non-gaming hospitality should help the Hong Kong-based group improve its standing in the casino bidding war.Melco’s billionaire founder and CEO Lawrence Ho announced the projects this week in Tokyo.Melco Resorts is one of the six licensed casino operators in Macau, the world’s richest gaming hub. But I am personally hopeful they will eventually push up Japan’s GDP by 1 percent or more,” said the politician in a recent op-ed published in The Japan Times, an English language Japanese newspaper.A long-held belief among Japanese politicians and regulators that favor bringing integrated resorts to the Land of the Rising Sun is that if the venues are high quality, the properties will bring more tourists to the country, creating more jobs and generating tax revenue beyond the direct employment and receipts associated with the gaming venues thempechanga casino temecula caselves.Some operators that are vying to land one of the first three gaming licenses in Japan are in tune with the tourist objective. Billionaire Lawrence Ho has big plans for Melco Resorts in Japan. casino t shirt printMelco Resorts says it will invest JPY 27 billion (0 million) to build two non-gaming properties in Japan – a hot spring resort in Hakone, near Tokyo, and a ski resort in Nagano. But Iwaya believes Japan’s integrated resorts can do more than lure business travelers.The venues can increase GDP “not just by hosting a slew of international conferences, but by increasing the number of tourists from abroad,” said the politician.Japan has a long-stated goal of boosting tourism to 40 million foreign visitors by the end of next year and 60 million by 2030. “This is critical for Japan, as the nation is fast lagging behind its rivals overseas in luring international conferences and exhibitions, partly due to a lack of spacious venues that can host large-scale events.”While some operators have pitched lower estimates, analysts believe the costs to build high end integrated resorts in Japan that would be of comparable or superior quality to the gaming properties in Macau and Singapore would range from billion to billion per venue.encore casino ma

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