|Above, Caesars Palace Forum shopping area. Photo by Armand Vaquer.|
With the bill that passed in the Japanese Diet on December 14 allowing for the legalization of casinos in Japan, U.S. casino operators are seeing opportunities to expand into Japan.
One of them is the parent company of Las Vegas's Caesars Palace.
According to GGR Asia:
U.S.-based casino group Caesars Entertainment Corp is “pursuing a number of growth opportunities in Asia, including Japan,” Steven Tight, its president of international development confirmed to GGRAsia. He added the group would “release information at the appropriate time”.
The executive also said that Caesars was preparing to move forward on its previously-slated South Korea venture.
The news comes as it was confirmed on Tuesday that Caesars Entertainment Operating Co Inc – which runs some of the group’s most profitable venues including flagship properties in Las Vegas – is on the path to concluding its reorganisation under Chapter 11 of the U.S. Bankruptcy Code.To read more, go here.