“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,” announced the U.S. casino operator in a press release on Wednesday night.
Casino operators from around the world have been clambering over one another to position themselves to win one of three major resort licenses in the country.
“As Caesars has pursued a license to operate in Japan over many years, we have been treated with respect and goodwill by 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,” said Jim Hunt, Caesars Chairman of the Board.
“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,” added Tony Rodio, Caesars CEO.
Caesars Entertainment is the first international large-size casino operator to withdraw from the race for a casino licence in Japan. Fellow U.S.-based casino firm Las Vegas Sands Corp – one of the contenders for a Japan casino licence and a rival of Caesars Entertainment in the U.S. market – announced last week it would focus on the Japanese cities of Tokyo and Yokohama in its effort to be allowed to build a casino resort in that country. In a press release, Las Vegas Sands said it would no longer pursue such an opportunity in Osaka.
Source: GMB
