Galaxy Entertainment Group, a casino operator in Macau, will no more take part in the RFP process for Yokohama’s bid to secure a place as one of the three integrated resorts (IR) in the country.
Together with its partner Monte-Carlo Société des Bains de Mer from Monaco, Galaxy discussed the project for years with both Japanese authority and Yokohama’s Local Government. However, due to “world and business conditions, exacerbated by the Covid-19 pandemic,” the companies have decided to drop out.
Galaxy said it is “honored to have learned a tremendous amount about the people, culture, and ambitions of Yokohama”. It values the relationships it has built with the government and local communities.
Galaxy Vice Chairman Francis Lui said, “We appreciate the opportunity to play an active role in Yokohama’s IR selection process. But we have decided not to participate at this time. We will continue to support Japan to help it achieve its goal of developing a world-class IR industry.”
Yokohama has also lost a third potential IR bid partner. Both Las Vegas Sands and Wynn Resorts have dropped out of prefecture’s race for a legal casino. Genting Singapore, Melco Resorts and Entertainment, Sega Sammy, and Shotoku are the four companies aiming for the partner’s spot in Yokohama. Though, the prefecture is also facing criticism from local anti-casino groups.