Caesars Gets Back in the Japan Casino Quest

This story was published more than 2 years ago.

Caesars Entertainment is going to be making another attempt to get into the Japanese casino business, this time by partnering with Clairvest Neem Ventures K.K. to submit a plan for a Wakayama Marina City casino resort.

The two groups are going to be working together to try and assemble a plan in the Kansai region of Japan, which lies about 275 miles southeast of Tokyo. The details on the proposed property haven't been revealed yet, but the two groups are currently working on a development.

Japan recently legalized casino gambling, which had previously been illegal for quite some time. There are various prefectures that are considering developments of resorts, although nothing at this point appears to be close to fruition.

Regarding the effort Caesars Entertainment CEO Tom Reeg said, "Caesars is an iconic brand, and we are proud to partner with CNV to bring it to Japan. We believe our experience blends perfectly with CNV's and look forward to creating something special with them for the Kansai region."

Clairvest Neem Ventures Representative Director Eddie Woo added: "We are thrilled to partner with Caesars Entertainment. Caesars and CNV share a common vision for Japan's national IR program. Not only will it serve to enhance the economic recovery from the COVID-19 pandemic through increased international visitation, but we are confident that together we can create a resort that provides significant local economic stimulation in Wakayama prefecture, throughout the Kansai region and the rest of Japan."

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.