Wynn Resorts has announced that it will open an office in the Marunouchi district of Tokyo this summer, with the purpose of tightening its relations with Japanese partners and bidding for an IR license in major urban markets.
Wynn also revealed that the Wynn Resorts Development Japan affiliate company was legally established as of December.
Wynn CEO Matt Maddox commented, “We are aware that the Japanese national and local governments are deeply considering the establishment of Japanese-style IRs. Providing information and making proposals to the local governments is an important responsibility of the IR operators. We believe that we can better respond to this information provision responsibility through the establishment of our Japan corporation and the opening of our office.”
Wynn Resorts Development Japan President Chris Gordon added, “Wynn Resorts has so far been adding staff dedicated to the development and operation of a Japanese-style IR at its main offices in the United States. With the opening of the Japan office this summer, we hope to expand our team in Japan and to strengthen cooperation with local governments and businesses. We have a long-standing know-how regarding the design, development, and management of IRs, and we believe that we can build a wonderful Japanese-style IR by collaborating with partners in Japan.”
The Wynn office will be located in the Marunouchi Nijubashi Building, which also houses the Tokyo Chamber of Commerce & Industry and the Foreign Correspondents’ Club of Japan.
On a visit to Japan in January, CEO Maddox told the Mainichi Shinbun that Wynn Resorts was planning an IR investment in Japan in excess of JPY950 billion yen (about $8.6 billion).