Hard Rock hopes to get a license to build IR in Japan

17 August 2018

Hard Rock's CEO for Development in the Asia-Pacific Region, Ed Tracy is confident that entering into an agreement with a local real estate partner will help win the license for the construction of integrated casino resorts (IR) in Japan.

Since the casino industry is almost ready to start working in Japan, international companies are gradually moving towards obtaining a license for the construction of the IR. Among them - the Hard Rock International, which is looking for a real estate partner to secure a permit for the implementation of the project in Tomakomai, Hokkaido.

"Although the law does not stipulate that operators should have local partners, we believe that this can be a key aspect," - Tracy said in an interview with Bloomberg Television. "In Japan, the cost of real estate is quite high, so entering into an agreement with such a partner will be a kind of starting point."

Earlier it became known that Hard Rock International could become the second licensee of Queensland, Australia. On the Gold Coast may appear a large integrated casino-resort.

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