• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 11 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Europe’s Groupe Barrière content with minority stake in planned US$2.5 billion Wakayama IR

Ben Blaschke by Ben Blaschke
Sat 18 May 2019 at 17:52
Europe’s Groupe Barrière content with minority stake in planned US$2.5 billion Wakayama IR

Groupe Barrière’s Casino Development Director Jonathan Strock (left) with Hollywood star and brand ambassador Jean Reno at Friday’s press event in Tokyo.

23
SHARES
583
VIEWS
Print Friendly, PDF & Email

European casino operator Groupe Barrière expects an investment level of around US$2.5 billion in the regional Japanese integrated resort it hopes to develop, but says it has no issue with accepting a minority stake.

Speaking at a press event at Conrad Tokyo on Friday, Groupe Barrière Casino Development Director Jonathan Strock revealed the company – which is targeting an IR in Wakayama – was looking to partner with multiple local partners of which the majority would be based in Wakayama prefecture.

“What we believe firmly is that this is a Japanese resort to promote Japanese culture and increase tourism to Japan. As a result of that, we believe the economic benefits should mainly stay in Japan which is a way of saying that we are quite happy to not have a majority shareholding in the consortium,” he explained.

Asked to elaborate, Strock said that local partners would ideally bring construction, cultural or MICE expertise to the table.

“Financial partners are good to have but we prefer companies that can bring something more – construction companies, real estate companies, companies that know entertainment,” he said. “We know hotels, bars, restaurants and gambling activities but we want companies that can bring us expertise in MICE and leisure. We also want as many companies to come from the Wakayama area as possible.”

A minority interest would keep the expense sheet of Group Barrière, whose current Asian operations are primarily focused on hotel development in China, relatively low.

“Most of the projections we’ve been looking at come to a figure of around US$2.5 billion but of course it moves whenever we add on spaces or take them off,” Strock said.

 

 

 

.”

RelatedPosts

Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”

Stability in Australia, North America drives 7.4% revenue growth for Konami’s gaming segment in FY25

Fri 9 May 2025 at 06:48
Wynn Resorts Chairman says departing CEO Maddox keen to explore non-gaming career opportunities

Wynn wary of returning to Japan amid talk of second IR bidding round

Wed 7 May 2025 at 06:12
Thailand drops US$1.5 million entry barrier for locals, replaced with less exclusive tax history requirement

Thai PM proposes checking criminal history, wealth criteria of international casino visitors

Mon 5 May 2025 at 05:59
MGM Resorts unveils Osaka IR concept

MGM increases Osaka IR equity investment to US$3 billion but bullish on expected returns

Thu 1 May 2025 at 10:33
Load More
Tags: casinosEuropeGroupe BarrièreirJapanJean RenoJonathan StrockWakayama
Share9Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Macau’s concessionaires rode their luck in 1Q25 on gains in VIP segment

by Ben Blaschke
Sat 10 May 2025 at 11:00

Macau’s six concessionaires saw their combined gross gaming revenues rise only slightly year-on-year, by around 1%, in the first three months of 2025 and only due to playing lucky in the VIP segment. According to the summarized datasets of the...

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

by Pierce Chan
Sat 10 May 2025 at 09:20

Galaxy Entertainment Group (GEG) has announced the appointment of Eileen Lui Wai Ling – the company’s current Group Director of Human Resources and Administration and sister of Chairman Francis Lui – as an Executive Director with effect from 9 May...

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

by Newsdesk
Sat 10 May 2025 at 08:48

The Asian gaming industry celebrated in style on Thursday night as they came together for the biggest edition of The Industry Party yet. Held at Vista at MGM Cotai on the second evening of G2E Asia, around 400 people enjoyed...

Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”

Stability in Australia, North America drives 7.4% revenue growth for Konami’s gaming segment in FY25

by Newsdesk
Fri 9 May 2025 at 06:48

Global gaming supplier Konami reported a 7.4% increase in revenue in its Gaming & Systems segment to JPY42.7 billion in the year ended 31 March 2025, with operating profit up by 16.3% to JPY7.3 billion, according to financial statements published...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語