The Partouche Organization, a French gambling establishment operator, has joined a fresh group of companies vying for a permit to build a combined resort in Japan. Just a few weeks back, Partouche pulled out of a comparable arrangement with Oshidori International Holdings.
Partouche is now collaborating with the Pixel Companyz-led group, a Japanese business conglomerate with investments in sustainable energy, financial technology, and gaming technology. The firm buys and sells casino equipment and runs the B2B technological solution Pixel Casino Platform.
Pixel states that this agreement marks the second instance where a local Japanese business has teamed up with a seasoned international gaming operator. Partouche will work alongside the company and its undisclosed consortium partners to plan, develop, and potentially manage an integrated resort facility that will aim to showcase local tourism resources, culinary traditions, and local brands.
This move follows Pixel’s collaboration with TTL Resorts, a company specializing in data analysis and investments in the gambling sector.
Pixels goal is to bridge the gap between Japan and the global community, highlighting the nation’s finest offerings by establishing this alliance and deeply integrating itself into the Japanese integrated resort sector,” stated Pixel’s chief executive, Hiroaki Yoshida.
The announcement of this collaboration follows Pachinko’s decision to withdraw from its prior integrated resort partnership with Oshidori International Holdings, a Japanese holding company. At the time, both parties attributed the dissolution of the partnership to discrepancies in their “vision.”
The timeline for selecting three integrated resort locations and their corresponding operating partners remains uncertain. The fundamental policy intended for adoption in the first half of this year to establish a framework for the selection process has yet to be implemented, as lawmakers have shifted their focus to the novel coronavirus (Covid-19) pandemic.
This delay implies that the deadline for potential host cities to submit their integrated resort development proposals may be postponed, and locations have not yet finalized their partnerships for the project.
Last week, Galaxy Entertainment Group, listed on the Hong Kong Stock Exchange, reaffirmed its commitment to the process, despite the setbacks, and has joined forces with Société des Bains de Mer, a shareholder of Betclic Everest Group, to develop a resort. Conversely, other companies, including Caesars Entertainment and Las Vegas Sands, have declared their withdrawal from the competition for licenses.
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