Melco Resorts Makes Japan Its No. 1 Priority
Every major casino resort company in the world is eyeing the potential opening of the Japanese market and seeing dollar signs. Estimates of Japan's casino-gaming market range from $25 billion to $40 billion, which would make it the No. 1 or No. 2 market out of the gates. Given the potential, casino companies are pulling out all the stops to win a license, promising to spend up to $10 billion in the region.
Melco Resorts (NASDAQ: MLCO) is the latest to make its interest in Japan known publicly. CEO Lawrence Ho announced that Melco has established a division in Japan and has said it will move its headquarters to the country if it wins rights to build there. But it'll have to face competition from Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), Wynn Resorts (NASDAQ: WYNN), and Genting, which all have established casino resorts in Asia.
Image source: Melco Resorts.
Source: Fool.com
