Yokohama is considering a Wynn Resorts. According to the company’s CEO Matt Maddox, the operator is in the process of opening an office in the second Japanese city. The opening is scheduled to take place on 15th December at Yokohama Landmark Tower. In a statement, Maddox said the company has been studying and analyzing the best site for an Integrated Japanese resort before finally settling on Yokohama. Wynn is now dedicated to building an IR in the city of Yokohama on the port island of Minato Mirai, the probable site of the IR.
Before resolving to focus on Yokohama, Wynn was considering the Osaka city. Maddox and his team were playing their cards close to their chests regarding the best metropolitan. The only thing they were sure of was to build the world’s largest gaming property in Japan.
After abandoning the Osaka IR race, Wynn said that it would turn its focus to the Japanese capital and its regions. The city of Yokohama is close to Tokyo; in fact, the location which policymakers consider suitable for Yokohama IR is just 15 minutes’ drive from Tokyo. However, Wynn plan of spending $8 to $9 billion for the Japanese integrated resort is below the figure which analyst has forecasted. According to Casino.org, a high-end gaming property in Japan could be worth $10 to $15 billion.
Wynn is facing competition in its Yokohama IR race; big operators like Melco Resorts are also targeting the city. Melco CEO Lawrence Ho recently said that he prefers Yokohama. Las Vegas Sands also abandoned the Osaka IR race and is currently focusing on Yokohama and Tokyo.