Hey there, I’m Mr. John Robinson and I’m here to provide you with well-rounded guide for some of the leading casino games out there. gamblingplex mascot gamblingplex cards
News

Published on January 17th, 2014 | by Steve Gardman

Major Casino Operators Target Japanese Market

Casino development companies across the globe continue to keep an eye on Japan’s move towards opening up to resort-style gambling projects. According to several attorneys, the country’s Liberal Democratic Party is lobbying hard for legislation as the country gears up to host the 2020 Olympics. According to Bill Lerner, principal analyst with Union Gaming Group, multiple gaming measures are required and the fact that there are supports pushing for a proposal is a good sign.

Several U.S. casino companies such as Caesars Entertainment Corp. and Las Vegas Sands Corp. have expressed interest in the Japanese gambling market and are also active lobbying for the legislation. Fierce competition is likely to come from Genting Group, Universal Entertainment, and Sega Sammy Holdings, to name a few.

MGM Resorts International and Las Vegas Sands are reportedly already scouting around for potential sites to set up casinos in Japan. Caesars’ president of international development also said the company is layout out the ground work and are investing in designs, master plans, and partners who they can work with in the Japanese market. They are likely to face stiff competition from Asian operators like SJM Holdings, which has also show interest in partnering with a Japanese local investor. According to the head of SJM, Ambrose So, the company has the technical know-how and are keen on striking a deal with a local partner in Japan.

The Olympics offers an impetus for the approval of a casino bill since Japan is likely to need more facilities, which includes accommodation and entertainment venues for tourists. Revenue earned from casinos could help off-set the costs involved in the Olympics and boost the country’s economy. Some of the other operators to have expressed interest in building casino resorts in Japan include Melco Crown Entertainment, Wynn Resorts, and Genting Bhd.

Melco Crown has tasted great success in Macau and has the capacity to compete with bigwigs like Las Vegas Sands. The company recently entered the Philippines market and is jointly developing a casino property in Manila bay. This may give them a ‘home’ advantage and the chance to strike big in the Japanese market. Lawrence Ho of Melco believed that the company’s Asian roots could help their cause since they are well versed with local culture. He also revealed the Melco’s intention to invest around $4 to $5 billion in Japan.



Related Posts



Back to Top ↑

The sole purpose of Gambling Plex is to provide a reliable source of unbiased information, including reviews, guides, and recommendations. We ourselves are not a casino and do not provide gambling services. Accessing our website gives consent to our terms of use and privacy policy.

It is the reader's responsibility to make sure they are of the required gambling age before registering at one of our recommended casinos. Gambling Plex will not be held liable for the loss of money or any damage caused from relying on the information on this site. Playing casino games with real money carries a high level of risk and may not be suitable for you.

Readers should always gamble responsibly and remember that gambling is a recreational activity not intended as a source of income. Gambling comes with the risk of addiction. If you or someone you know have problems related to gambling addiction we recommend you visiting www.gamcare.org.uk and ask for help.

This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy.

© 2013 Gamblingplex.com
🔞


Back to Top ↑