Melco Resorts and Entertainment Limited backs Japan immigration changes

In Japan, the boss for Melco Resorts and Entertainment Limited has allegedly announced his firm would be forced to import up to 20,000 foreign workers if it had been given the right to function one of the country ’s coming incorporated casino resorts.

Importing ‘overseas experience ’:

Based on a Thursday report by Nikkei Asian Review, Lawrence Ho Yau Lung (pictured) serves as Chairman and Chief Executive Officer for the Hong Kong-based giant and stated that ‘overseas experience ’ could be needed to open any Japanese casino because the business ‘doesn’t still exist’ from the Asian country of some 126 million people.

Fierce contest:

Melco Resorts and Entertainment Limited is allegedly competing with a slew of other foreign gambling firms including the likes of MGM Resorts International, Las Vegas Sands Corporation and Galaxy Entertainment Group for the right to operate one of a trio of proposed integrated casino resorts, which were legalized after July’s ratification of this Integrated Resort Implementation Bill.

Successful track record:

Forty-two-year-old Ho reportedly announced his firm would be seeking to replicate the procedures it adopted in successfully entering the markets of Macau and the Philippines but eventually most of the workforce within any Japanese incorporated casino hotel it ran could be neighborhood.

Ho allegedly told Nikkei Asian Review…

“The bulk of workers will [eventually] be Japanese but in the exact same time it’s unrealistic to say so from the beginning as the industry doesn’t still exist in Japan. We will need to bring in overseas expertise like the way we did in Macau and Manila. We expect workers of between 10,000 and 20,000 will be needed so we need assistance on [the] immigration side. As a part of Prime Minister Shinzo Abe’s reform packages, labour immigration is a key one. ”

In mentioning Abe, Nikkei Asian Review reported that Ho was referring to proposed immigration reforms that were passed from the country ’s lower House of Representatives on November 27. These contentious measures are purportedly expected to be ratified by the upper House of Councillors following week so as to offer Japanese firms in 14 designated businesses, which might consist of building, hotels and restaurants, and also the capacity to import a total of up to 345,150 overseas workers over the course of the next five decades.

Critics of these suggested reforms have allegedly argued that the country is at risk of being flooded by immigrants but proponents have countered by pointing out that Japan is home to a rapidly ageing society and that it suffers from a critical shortage of workers.

Promising $10 billion investment:

For his part, Ho allegedly told Nikkei Asian Review that Melco Resorts and Entertainment Limited is planning to spend ‘more than $10 billion’ in Japan if it win the race to function one of the country ’s integrated casino resorts. He also purportedly proclaimed this amount would represent one of their largest single outlays the sector has ever made and that his firm is especially interested in emphasizing any such facility in either Yokohama or even Osaka.

Ho allegedly told Nikkei Asian Review…

“Anything less than creating the greatest integrated hotel ever built is a shame. ”