Caesars to associate with Clairvest Neem Ventures on bid to construct resort in Japan

Caesars Leisure Inc. is partnering with a Canadian personal fairness administration agency to bid to construct a seaside built-in resort close to Tokyo, representatives of the Reno-based on line casino firm mentioned Wednesday.

Caesars will work with Clairvest Neem Ventures Ok.Ok., which was vetted by Japanese authorities for a undertaking at Wakayama Marina Metropolis in July.

“We’re thrilled to associate with Caesars Leisure,” mentioned Eddie Woo, consultant director of Clairvest Neem Ventures.

“Caesars and CNV share a typical imaginative and prescient for Japan’s nationwide built-in resort program,” Woo mentioned in a launch. “Not solely will it serve to reinforce the financial restoration from the COVID-19 pandemic by way of elevated worldwide visitation, however we’re assured that collectively we are able to create a resort that gives vital native financial stimulation in Wakayama prefecture, all through the Kansai area and the remainder of Japan.”

Caesars CEO Tom Reeg famous in a launch that his firm is an iconic model and that he’s completely happy to associate with CNV.

“We imagine our expertise blends completely with CNV’s and stay up for creating one thing particular with them for the Kansai area,” Reeg mentioned.

It is a creating story. Verify again right here for updates.

Contact Richard N. Velotta at or 702-477-3893. Comply with @RickVelotta on Twitter.

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