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Japan – Caesars revealed as partner to Clairvest Wakayama bid

By - 30 ta’ Settembru 2021

Clairvest Neem Ventures K.K. has revealed the participation of Caesars Entertainment, in its development and operating consortium for a Wakayama Marina City-based world-class integrated resort (IR) in Japan. Caesars joins the consortium in full compliance with Japanese law and with no capital commitment. The combination aligns Clairevest, one of the most experienced IR development and management teams in the world, with Caesars Entertainment, one of the gaming industry’s best-known brands and an elite casino operator.

“We are thrilled to partner with Caesars Entertainment,” said Eddie Woo, Representative Director of Clairvest Neem Ventures. “Caesars and CNV share a common vision for Japan’s national IR program. Not only will it serve to enhance the economic recovery from the COVID-19 pandemic through increased international visitation, but we are confident that together we can create a resort that provides significant local economic stimulation in Wakayama prefecture, throughout the Kansai region and the rest of Japan.”

“Caesars is an iconic brand, and we are proud to partner with CNV to bring it to Japan,” said Tom Reeg, CEO of Caesars Entertainment. “We believe our experience blends perfectly with CNV’s and look forward to creating something special with them for the Kansai region.”

It-tim Clairvest huwa magħmul minn komplement ta 'professjonisti u operaturi tal-industrija tal-IR, inklużi; Mario Ho intraprenditur tal-Esports u tad-divertiment, direttur tas-CNV u Chairman u Ko-CEO ta’ NIP Group, organizzazzjoni multinazzjonali tal-Esports; Clairvest Group, ditta ta' ekwità privata Kanadiża mħawwda b'esperjenza fi 30 resort differenti ta' logħob u divertiment fuq l-art fil-Kanada, l-Istati Uniti u ċ-Ċilì; u William Weidner, eks president u uffiċjal kap operattiv ta' Las Vegas Sands Corp. (LVS), u t-tim tiegħu magħmul minn Bradley Stone, eks president tal-operazzjonijiet u kostruzzjoni globali f'LVS u Garry Saunders, eks COO ta' Melco Resorts & Entertainment u VP ta' operazzjonijiet internazzjonali għal LVS.

The combined experience of the parties, coupled with the dynamic location and supportive regulatory policy, will allow Clairvest to develop what will be the next major global IR destination.

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