Melco opens Osaka office

Melco Resorts & Entertainment Japan opened its Osaka office to the local media on Monday, an additional signal of the company’s keen interest in the Yumeshima site.

The Melco office is located in the Shinsaibashi district of Osaka, near Dotonbori, which will likely become a base for demonstrating its MelGuard security system and scale models of the company’s casino facilities in Macau and Manila to local audiences.

A spokesperson for Melco described Monday’s event as a simple press briefing, but an independent source reported that there was also a reception for the Osaka business community with more than a hundred guests. Melco first signalled its intention to open the office last October.

Whichever the case, the presentation was led by the leader of Melco’s Japan operation, Ako Shiraogawa, who emphasized that MelGuard was being developed specifically for the Japanese market. She was quoted as saying, “We will make the necessary investments even if severe conditions are imposed and the world’s strictest regulations are put in place.”

The presentation also emphasized that Melco Chairman and CEO Lawrence Ho held his first meeting with the mayor of Osaka in 2012 and has returned repeatedly in the meantime to express his interest in the city as a venue for a Melco IR.

Melco is not, however, the first major IR operator to establish an office in Osaka. That distinction goes to MGM Resorts, which has maintained an office in the nearby Azuchimachi district since 2014.

More news from this jurisdiction

JapanFriday, Apr 20, 2018

It has been revealed that the IR Implementation Bill will also include a provision to forbid certain public officials from engaging in casino gambling.

JapanThursday, Apr 19, 2018

Konami shares fell 5 percent in Tokyo trading after the ending of a 10-year partnership with football association UEFA.

JapanThursday, Apr 19, 2018

Police in Osaka claim that illegal gambling is on the rise, with some illicit establishments managing to clear annual sales well in excess of US$1 million. Meanwhile, the Tokyo metropolitan police last week busted an illegal casino in the prominent Shinjuku Kabukicho district which had been operating for about six months. Most of these establishments have links to organized crime, the yakuza.

JapanMonday, Apr 16, 2018

The latest newspaper public opinion poll holds more bad news for IR advocates, but some observers suggest that the polls don’t mean what they appear to mean.

JapanMonday, Apr 16, 2018

While many industry analysts continue to assume that either Tokyo or Yokohama will pursue an IR bid, the political realities of Japanese local communities seem to indicate otherwise.

JapanFriday, Apr 13, 2018

Casino operators that are found to have obtained their business licenses through fraudulent means will be fined up to JPY500 million (US$4.7 million), under new legislation.

JapanThursday, Apr 12, 2018

In spite of the widespread view that the terms of the IR Implementation Bill are shaping up to be more favorable to major urban markets rather than regional locations, Yokohama Mayor Fumiko Hayashi is again reaffirming the “blank slate” position which she first adopted over a year ago, in January 2017.