US casino operator Wynn Resorts has announced that it will establish an office in Tokyo’s Marunouchi area to support its goal of operating an IR in Japan.
Chris Gordon, president of the company’s Japanese entity, held a press conference in Tokyo this week at which he reiterated that Wynn Resorts has its eye on big cities such as Tokyo, Yokohama and Osaka.
If Wynn’s IR bid proves successful, Gordon predicts an investment in excess of US$8 billion with annual operating costs of between US$940 million and US$1.4 billion.
Regarding development, Gordon indicated they were intending to work with local companies to develop entertainment facilities, a hotel, spa, an international conference hall and exhibition hall.
“Our planned facility will be larger than those of Singapore, Las Vegas and Macau,” he said. “It will be the largest IR facility in the world.”
He also spoke about wanting to create an IR that reflects Japan’s culture.
It is expected that between 11,000 and 16,700 jobs would be created by the Wynn venture.