“I would personally move here while we are building it, and we would move the core management team and headquarters here” from Hong Kong, Lawrence Ho said in an interview in Tokyo, referring to a possible casino resort in Japan.
The comment comes as Japan moves towards allowing large-scale resorts expected to generate billions of dollars for the country and global gambling industry. Japanese casino resorts could earn up to US$ 25 billion a year in revenue, analysts have estimated.
Japan passed a landmark bill to legalize casinos late last year. Details on how to pick locations and regulate the resorts - large-scale projects hosting casinos, hotels and conference space - are still being discussed. A law covering the issue is widely expected to pass through parliament next spring.