• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 29 June 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Caesars pulls out of Japan IR race 

Ben Blaschke by Ben Blaschke
Thu 29 Aug 2019 at 05:22
Caesars
1.7k
VIEWS
Print Friendly, PDF & Email

Caesars Entertainment Corporation has announced that it will not pursue a license for an integrated resort in Japan, opting instead to focus on completion of its US$17.8 billion merger with Eldorado Resorts.

The US casino giant, which had shown interest in Osaka, Yokohama and Hokkaido, issued a statement overnight, with CEO Tony Rodio explaining, “The timing of our decision is driven by sensitivity to the significant decisions Japan’s government and business partners will likely be making later this year to advance the process.

“All of us at Caesars applaud the country’s thoughtful, inclusive approach to creating an integrated resort business model that supports Japan’s social, as well as economic aspirations.”

Caesars Chairman Jim Hunt added, “As Caesars has pursued a license to operate in Japan over many years, we have been treated with respect and goodwill by the Japanese government, business and community leaders, and with kindness by all the Japanese people we have encountered during this journey. We are grateful for the country’s receptivity to Caesars.”

The decision to withdraw from Japan comes two months after Eldorado CEO Tom Reeg hinted at the possibility during an investor call discussing its impending acquisition of Caesars.

“The opportunity internationally will have to be stupendous for us to run in that direction,” he said at the time.

It remains to be seen whether Caesars will continue with the development of its US$700 million IR in Incheon, Korea.

RelatedPosts

Aristocrat completes US$965 million fundraising exercise for Playtech bid

Aristocrat Gaming names Oriana Branon as Vice President of Communications and Corporate Affairs

Tue 28 Jun 2022 at 05:57
Authorities seize two ships belonging to Genting Hong Kong’s Crystal Cruises in Bahamas

Former Genting Hong Kong luxury cruise brand Crystal Cruises to relaunch under new owners

Thu 23 Jun 2022 at 18:27
Uneasy alliance

Anti-IR group planning to appeal Osaka IR plans to central government

Thu 23 Jun 2022 at 06:20
Las Vegas Sands announces strategic investment in US iGaming firm Huddle Tech Inc

Las Vegas Sands announces strategic investment in US iGaming firm Huddle Tech Inc

Thu 9 Jun 2022 at 15:33
Load More
Share49Share5
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial: The Philippines: Asia’s rising star

Editorial: The Philippines: Asia’s rising star

by Ben Blaschke
Mon 30 May 2022 at 23:55

Macau has for the best part of two decades been recognized as the undisputed king of Asia when it comes...

We’re Back!

We’re Back!

by Ben Blaschke
Mon 30 May 2022 at 23:39

While Macau’s operators have reached nine consecutive quarters of substantial GGR losses, the rest of Asia is opening up and...

Into the Sunset

Into the Sunset

by Pierce Chan
Mon 30 May 2022 at 23:29

Pawnbroking has a long history in Macau, dating all the way back to the late Qing Dynasty. The rapid development...

Metaverse: The ultimate destination marketing tool?

Metaverse: The ultimate destination marketing tool?

by Victoria White
Mon 30 May 2022 at 23:17

In the first of a two-part series, MdME’s Victoria White takes a closer look at the rising world of metaverses...

Related Posts

Confirmed number of COVID cases in Macau reaches 414

Confirmed number of COVID cases in Macau reaches 414

by Pierce Chan
Tue 28 Jun 2022 at 10:39

The number of confirmed positive cases of COVID-19 since the continuing Macau outbreak began on 19 June has reached 414, as of 9am (Macau time) on Tuesday 28 June. There were 57 new cases found in the past 24 hours...

Aristocrat completes US$965 million fundraising exercise for Playtech bid

Aristocrat Gaming names Oriana Branon as Vice President of Communications and Corporate Affairs

by Newsdesk
Tue 28 Jun 2022 at 05:57

Aristocrat Gaming, the gaming division of Aristocrat leisure Ltd’s subsidiary Aristocrat Technologies Inc, has announced the appointment of Oriana Branon as Vice President of Communications and Corporate Affairs. Branon, who previously led corporate communications for financial tech giant Bill.com, will report...

Century Entertainment granted two gaming tables as Ng Man Sun opens new casino in Cambodia’s Dara Sakor

Century Entertainment says loss narrowed for FY22

by Newsdesk
Tue 28 Jun 2022 at 05:26

Century Entertainment International Holdings has issued a profit alert, revealing it expects to narrow its loss attributable to owners of the company to HK$3.3 million (US$421,500) for the year ended 31 March 2022. This is down from a loss of...

SJM confirms casino table, machine limits for Grand Lisboa Palace opening day

Moody’s downgrades SJM’s outlook to negative on Macau COVID concerns

by Ben Blaschke
Tue 28 Jun 2022 at 05:13

Moody’s Investors Service has downgraded the outlook on Macau’s SJM Holdings Ltd and its subsidiary Champion Path Holdings Ltd to negative, citing uncertainty around its recovery runway. The agency has, however, confirmed SJM’s Ba3 corporate family rating (CFR) and the...


HKUST

HKUST

Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About
  • 中文
  • 日本語

© 2005-2022
Inside Asian Gaming.
All rights reserved.