Melco Crown waits for green light in Japan

|About: Melco Crown Entertainment... (MPEL)|By:, SA News Editor

Melco Crown (MPEL) CEO Lawrence Ho says the company is ready to dive into the Japanese market if the government relaxes its ban on casinos.

Ho thinks that Melco could be up and running with casinos within four or five years if Tokyo gives it the green light.

The gaming market in Japan is forecast to be a cool $20B per year.