Melco Resorts unveils Nagano ski resort hotel plans

By Owain Flanders

Melco Resorts has announced plans to develop a 280-room hotel at a ski resort in Nagano, Japan.

The project will see Melco invest in Okushiga Kogen ski resort through its hospitality investment fund.

The JPY27bn (US$250m) fund was announced in October, with the aim of supporting the revitalisation of the local Japanese economy through the development and operation of hospitality, leisure and entertainment facilities.

Melco previously confirmed plans to develop a five-star ski resort in Japan but had not announced the exact location. An official opening date is yet to be confirmed.

Speaking at the Nikkei Global Management Forum in Tokyo last month, Lawrence Ho, CEO of Melco, announced the fund’s investments would also include an Onsen hot spring resort in Hakone, near Tokyo.

He said the objective of the new projects were "to bring visitors to cities where international visitors don’t go," concluding that "regional cities have the space and ability to create a better integrated resort (IR)."

In September, Melco ended its bid for an IR license in Osaka to concentrate on large cities in Yokohama.

The operator generated revenue of $1.4bn for Q3 2019, an increase of 16% year-on-year.


Share This Post


More News

A Gambling Commission investigation has found PT Entertainment Services (PTES) showed serious social responsibility, anti-money laundering and VIP failings, following a case where a player took his own life in 2017. Playtech...

The show must go on

It’s five to three on a Saturday afternoon. The thrill, the anticipation of how your team will perform over the next 90 minutes peaks. Will your beloved boys in blue take...