Wynn Resorts may not be taking any further part in Yokohama’s RFP but the company says Japan remains firmly on its long-term radar.
In response to questions from Inside Asian Gaming following reports over the weekend that the company was a notable absentee from the city’s RFP process, Wynn confirmed that global market conditions did not lend themselves to a concerted bid at the present time but maintained it has not given up on the longer-term Japan opportunity.
“Wynn Resorts continues to closely monitor the Integrated Resort situation in Japan and views the country as a strong potential market,” the company said via an emailed statement.
“While Wynn’s positive pursuit of an IR development in the country is undiminished, it will not be participating in the upcoming Request for Proposal process by the City of Yokohama, because there is not yet clarity regarding the post-COVID-19 international IR market or the definitive National Basic Policy to meaningfully update our previously submitted plans and to complete, with the necessary detail, the documents published by the city.”
Wynn Resorts revealed last August that it had closed its Yokohama office, with CEO Matt Maddox stating on an earnings call that the company had been pulling back its efforts in Japan since March 2020, focusing instead on stabilizing its current operations in the United States and Macau.
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