Notizie dagli operatori

Japan – Special prefectural committee gives approval for casino project in Wakayama

A special prefectural committee has given its approval to the Wakayama Prefectural Government for Clairvest and Caesars Entertainment’s plans for a Wakayama Marina City-based world-class integrated resort (IR) in Japan.

The plan is to build an IR at Wakayama Marina City, covering 569,000 sq. m. with the gaming floor taking up 38,000 sq. m. There will be 2,700 hotel rooms, an international exhibition hall and conference hall and a focus on nature with a theme of ‘a land of wood and a land of water.’

The proposal still needs to get a plenary vote at the Wakayama Prefectural Assembly.

Clairvest has confirmed it has received letters of interest from nine potential investors and four financial services firms.

Caesars joined the project’s consortium back in September. The combination aligns Clairevest, one of the most experienced IR development and management teams in the world, with Caesars Entertainment, one of the gaming industry’s best-known brands and an elite casino operator.

Il team Clairvest è composto da un complemento di professionisti e operatori del settore IR, tra cui; Mario Ho, imprenditore di sport e intrattenimento, direttore di CNV e presidente e co-amministratore delegato di NIP Group, un'organizzazione multinazionale di sport; Clairvest Group, un'esperta società canadese di private equity con esperienza in 30 diversi resort di gioco e intrattenimento terrestri in Canada, Stati Uniti e Cile; e William Weidner, ex presidente e direttore operativo di Las Vegas Sands Corp. (LVS), e il suo team composto da Bradley Stone, ex presidente delle operazioni globali e delle costruzioni presso LVS e Garry Saunders, ex COO di Melco Resorts & Entertainment e VP delle operazioni internazionali per LVS.

The Wakayama Prefectural Government hopes to open the integrated resort by 2026.

Giappone Prime Minister Fumio Kishida recently repeated his belief that introducing casinos would boost tourism.