New partnership for Wakayama Marina City project

Caesars Entertainment, Inc. has paired up with Clairvest Neem Ventures K.K. in a development and operating consortium for the Wakayama Marina City-based integrated resort in Japan.

"We are thrilled to partner with Caesars Entertainment," said Eddie Woo, representative director of Clairvest Neem Ventures. "Caesars and CNV share a common vision for Japan's national integrated resort program. Not only will it serve to enhance the economic recovery from the COVID-19 pandemic through increased international visitation, but we are confident that together we can create a resort that provides significant local economic stimulation in Wakayama prefecture, throughout the Kansai region and the rest of Japan."

The CNV team is comprised of a complement of industry professionals and operators, including; Mario Ho an Esports and entertainment entrepreneur, director of CNV and chairman and Co-CEO of NIP Group, a multinational Esports organization; Clairvest Group, a Canadian private equity firm with experience in 30 different land-based gaming and entertainment resorts in Canada, the United States and Chile; and William Weidner, former president and chief operating officer of Las Vegas Sands Corp.