Former boxing champ Floyd Mayweather has announced his interest in bidding for a casino empire in Japan. The former fighter has expressed his interest in opening a casino in Okinawa Island.
According to CalvinAyre.com, Mayweather has made headlines in Japan’s casino news overshadowing the RFC process which has gained attention from the participation of seven Integrated Resorts.
It seems that the fighter is unperturbed by the strict regulations governing casinos in the country as he is still forging ahead with his ambitions of joining the gambling ring.
Hong Kong’s Promoter Jay Lau reported that Mayweather had visited Tokyo to arrange for TMT Japan following the opening that is set for next year. Lau continued to explain that apart from Japan, Singapore, Cambodia, and China were all opening casinos and for that reason boxing as a sport would gain more popularity.
TMT which stands for The Money Team was launched by the champion boxer. The company has partnered with Kyoei boxing gym and management company Libera. With the success of the launch, the boxer sees it as a stepping stone towards a casino development project.
Osaka’s Governor, Hirofumi Yoshimura has announced that the formal recruitment process of finding an IR operator will start this December for both the prefecture and the city. The recruitment’s goal is to identify an IR facility for Yumeshima Island. The winner of the bid will be announced in the spring of 2020.
In Yokohama the story is similar and in this case, the municipal government has already announced that there are seven IR operators who are interested in the bidding in the RFC process. For Yokohama, a major municipality, the goal is to convert the Yamashita Pier into a major urban Integrated Resort. This will be done through development of the area.
In as much as the seven IR operators have not been announced, there are hints of the identity of six companies. The six companies are; Melco Sands, Genting, Galaxy, Wynn and Sega Sammy. The hint for these companies is as a result of their interest in the bidding process. If the rumor is something to go by, then only the seventh company will remain unknown until the release date.
Yokohama is expected to select one of the IR operators next year though the municipality has not revealed the date. This RFC process is set to enable the municipality to gain gambling licensure from the central government.
Once the license is approved, operations of setting up the new facility will start in the future, probably later in the next decade. The estimated cost to get the facility up and operational is suggested to be more than $10 billion which is overly expensive.
The IR operators are not the only individuals interested in the Yokohama RFC as other firms have declared their interests too. Those looking to partner with the municipality include fifteen firms who are interested in supplying technology services to the casino and four domestic real estate firms.