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Caesars Drops Out of Race to Open a Casino in Japan

  • Las Vegas gambling giant cedes large new market to rivals
  • MGM, Wynn, Las Vegas Sands among operators angling for Japan
Tourists walk towards the entrance to the Caesars Palace hotel in Las Vegas, Nevada.

Tourists walk towards the entrance to the Caesars Palace hotel in Las Vegas, Nevada.

Photographer: David Paul Morris/Bloomberg

Updated on

Caesars Entertainment Corp. said it won’t pursue a license for a casino in Japan and will focus instead on its current business plan, including a merger with Eldorado Resorts Inc. scheduled to close next year.

Caesars management made the decision out of sensitivity to the Japanese government and business partners, who must make decisions this year to advance the casino process, Chief Executive Officer Tony Rodio said in a statement.