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As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama’s request for proposal (RFP) plans.
Yokohama skyline and Mt. Fuji pictured above. Genting and Melco advanced to the city’s casino RFP round. (Image:
The Japan Times)
Japan’s second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected to partner with the city in its approach to the federal government in an effort to land one of the first three Japanese gaming licenses.
Following the departure of Galaxy Entertainment Group from the Yokohama bidding competition two weeks ago, four contenders remained. But market observers widely saw it as a two-horse race between Genting and Singapore.