Mohegan Gaming & Entertainment has revealed details of its sudden withdrawal from its pursuit for an integrated resort (IR) license in Japan.
Mohegan Gaming, which is a gaming unit of the Mohegan Tribe of Connecticut, said that Oshidori International Development decided to abandon the Nagasaki consortium’s ambitions
Mohegan Gaming & Entertainment CEO Ray Pineault said Oshidori decided due to the significant financial impact of the pursuit.
“This decision was made solely by Oshidori and does not have any significant financial impact on us, as we were providing operational expertise and assistance for the request for proposal process and did not anticipate any meaningful cash flow or expenses related to this project.”
Mohegan is not the only global gaming casino firm that has abandoned ongoing Japan’s IR pursue. Las Vegas Sands shocked the industry in March when it withdrew from pursuing Japan’s IR permit.
Late Sands founder Sheldon Adelson cited development issues that made IR goal unreachable.
Wynn Resorts and Caesars Entertainment also withdrew from bidding for Japan’s casino license. MGM is the only major gaming entity that is actively pursuing the Osaka IR license. However, MGM has reduced its investment state that it previously planned.
Mohegan Gaming which has casino resorts in the US, Canada, and South Korea was not considered the highest bidder for the Nagasaki prefecture license. After the Oshidori revelation, Nagasaki also announced their pick for an IR partner-Casino Austria.
The Nagasaki government said that Casino Austria scored 697.0 points while Mohegan scored 682.8 points. Oshidori claimed that the rating was flawed, and added that they only sought to partake in an ethical IR process.