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Bold ambitions

Wynn Resorts announced their plans to secure a resort casino license in Japan so they can build the largest one of its kind in the world. The announcement was made at a recent press conference at the Wynn Resorts-owned Encore Boston Harbor Casino in Massachusetts.

The casino giant is increasing its lobbying efforts to try and obtain one of three licenses available in the country.

Wynn Resorts Development Japan President Chris Gordon believes Japan will soon be the third-largest gambling market in the global, just behind Nevada and Macau. He also sees Japan’s push to massively increase tourism levels in the next two decades as being a great sign. Gordon was also reported as saying:

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It’s also a society that has had an interest in gaming. They certainly have gaming now, with pachinko, horses, and motorboats.”

Stiff competition

The regulatory framework for the casino resort sector in Japan is still to be finalized. It was only at the tail end of 2018 that a bill got approval to legalize these types of casinos.

Most of the other major casino companies across the world are also vying for one of these licenses. Caesars Entertainment only recently pulled out of the race.

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Grand designs

Gordon has not revealed how much the casino company is willing to spend on developing such a massive casino resort. However, he has said there would be extensive spaces for exhibitions, conventions, and meetings.

Gordon estimates that if Wynn Resorts won the Osaka license, the size of the casino would range from two million to three million square feet. This would make it approximately eight times bigger than the Encore Boston Harbor Casino, which cost $2.6bn to develop.

It took over 10 hours of back-and-forth struggle, but John Cynn overcame Tony Miles in a heads-up match for the ages to win the 2018 World Series of Poker Main Event for $8.8 million, topping a field of 7,874.The win completes a redemption story for Cynn, who bubbled the unofficial final table in the 2016 Main Event, just missing a chance to participate in the last November Nine when Gordon Vayo busted him in 11th place.' World series of poker online bracelet. 'I mean really neither is supposed to happen. Feels very different,' Cynn said, reflecting on the two results. Right now I do feel pretty overwhelmed.' To make 11th is insane on its own, and to win, that's literally something that you dream of but you just never expect to happen.

Brand new promo codes for doubledown casino. the development cost would be around $8-9bn

In 2016, Wynn opened their Macau Cotai casino resort, which cost $4.2bn. Gordon claims the investment would be much larger than this for a resort casino in Japan. The reason he does not yet have a more exact figure is due to the extensive design variables they have yet to consider.

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Previously, Wynn Resorts said to investors that, if they were successful in obtaining a casino license in Japan, the development cost would be around $8-9bn.

General preference for Osaka

Japan is trying to diversify its economy and become more attractive to tourists. One of the ways in which it is looking to increase visitor numbers is through the expansion of their gambling system.

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However, the Japanese public is largely not in favor of gambling. Only two major cities, Yokohama and Osaka, have publicly put their hat in the ring for one of the three licenses.

Las Vegas Sands and MGM Resorts International are focusing their attention mainly on these two cities. MGM Resorts have even opened offices in Osaka and partnered with local companies to try and cement their position in the city. Osaka has a lot going for it in terms of existing tourist levels and playing host to the World Expo in 2025.

Wynn Resorts are being less specific in aiming for a license that would allow them to operate in either of these two cities, or even in Tokyo.

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