Clairvest Neem Ventures K.K. has announced Caesars Entertainment’s participation in its development and operating consortium for a world-class integrated resort (IR) in Wakayama Marina City, Japan. Caesars enters the consortium in full compliance with Japanese law and without making any financial commitments. Clairevest, one of the world’s most experienced IR development and management teams, joins Caesars Entertainment, one of the gaming industry’s most well-known brands and an elite casino operator, in this partnership.
“We are thrilled to partner with Caesars Entertainment,” said Eddie Woo, Representative Director of Clairvest Neem Ventures. “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.”
“Caesars is an iconic brand, and we are proud to partner with CNV to bring it to Japan,” said Tom Reeg, CEO of Caesars Entertainment. “We believe our experience blends perfectly with CNV’s and look forward to creating something special with them for the Kansai region.”
Clairvest Group, a seasoned Canadian private equity firm with experience in 30 different land-based gaming and entertainment resorts in Canada, the United States, and Europe, includes Mario Ho, an Esports and entertainment entrepreneur, director of CNV, and Chairman and Co-CEO of NIP Group, a multinational Esports organization; and Clairvest Group, a seasoned Canadian private equity firm with experience in 30 different land-based gaming and entertainment resorts in Canada, the United States, and Europe. Melco Resorts & Entertainment’s former COO and LVS’s former VP of international operations
Clairvest will be able to develop what will be the next major global IR destination thanks to the parties’ combined experience, as well as the dynamic location and supportive regulatory policy.