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Japan – Galaxy and SBM pull out of race for Yokohama’s preffered casino partner

By - 18 May 2021

Galaxy Entertainment and Société des Bains de Mer have pulled out of the race to be Yokohama’s preferred casino partner for one of Japan’s three initial casino licences, although Galaxy has said it remains interested in other opportunities in Japan.

Their withdrawal leaves three remaining candidates; Melco Resorts and Entertainment, Genting Singapore and Sega Sammy Holdings.

Galaxy Vice Chairman Francis Lui said: “Galaxy Entertainment Group, along with our partners from Monte-Carlo Société des Bains de Mer (SBM) from the Principality of Monaco, have been actively pursuing discussion for several years with the Japan Government and local communities including Yokohama. The world and business climate continues to evolve which has been exacerbated by the COVID-19 pandemic. We are honored to have learned a tremendous amount about the people, culture and ambitions of Yokohama and highly value the relationships that we have developed with the government, business associations and local community including Kanagawa over the past few years.

“We greatly appreciate the opportunity to play an active role in Yokohama’s IR selection process but have decided to not participate at this time. We will continue our dialogue to support Japan in achieving its goal to develop a sustainable and world class IR industry,” he added.

Las Vegas Sands, Caesars and Wynn Resorts all pulled out from the Yokohama selection process last year whilst MGM has said it would concentrate on the opportunity in Osaka.

Caption: Sega Sammy’s blueprint for Yokohama remains on the table

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