There was an article in the WSJ yesterday. This may explain why no Tokyo DL in the DC. Unlike EuroDisney, which is 49% owned by Disney, Tokyo DL is not owned by Disney, Disney only collects a royalty and fees. Article was in referance to DisneySea there, where Disney is expected to collect $100MM a year in royalties and fees. HK DL will be part owned by Disney when it opens, but both sides (HK and Disney) carry options to both increase and reduce their ownership.