Macau Gambling Mogul Seeks Casino in Japan

Bloomberg – , son of Macau gambling tycoon Stanley Ho, plans to invest more than $5 billion in Japan if Melco Crown Entertainment Ltd. (MPEL) receives permission to build a casino there as he sees constraints on development at home. Ho’s maneuver to build projects in the world’s third-largest economy is part of his strategy to expand overseas for future growth, as government policies, limited land and a labor shortage in Macau could eventually restrict gaming development. “We still have the most eggs in the Macau basket,” Ho, co-chairman of Melco Crown, said in an interview in Tokyo on Sept….