Japan

Dynam Japan Holdings posted a decline in profit for the year ended March 31, 2017, according to a filing from the company to the Hong Kong Stock Exchange.

MGM Resorts International’s Ed Bowers today stressed the importance of allowing entry for locals in a gaming market, adding that MGM would reconsider its interest in Japan if it did not.

Japan is unlikely to allow foreign investors to own 100 percent of an IR, which may hinder potential returns and Tokyo's ability to achieve its tourism goals, analysts said.

The Japanese government expects to draft a system by this summer to tackle gambling addiction and is considering ways to ban serious addicts from casinos, local media reported, citing government sources.

Wakayama Governor Yoshinobu Nisaka is pushing hard to attract investment in an IR in his city, but says to make it politically palatable it would need to be restricted to foreigners.

Konami Holdings Corp reported a 8 percent decline in total revenue for the year ended March 31, 2017, the company said in a filing on Thursday.

Macau casino operator Galaxy Entertainment Group has signed an agreement with Tange Associates, a Japanese architectural firm, to design a “suitable” IR in Japan.

Slot machine manufacturer Sega Sammy Holdings Inc has expressed interest in a joint venture for a casino resort in Japan, but says it would be looking to have a majority stake.

Japan is likely to see two urban integrated resorts in Tokyo and Osaka at around 2023, says CLSA analysts in a note on Thursday.

Excitement over the prospects for IR development in Japan was palpable at the just-concluded Japan Gaming Congress. Held at a major hotel in central Tokyo, it drew in a capacity crowd of 450 people, mixing international operators with local Japanese businesses and others who hope to become stakeholders in what is predicted to become a multi-billion dollar industry. More than half a dozen Japanese lawmakers spoke on the opening day of the two-day conference, including Deputy Chief Cabinet Secretary Koichi Hagiuda, a close aide to Prime Minister Shinzo Abe.

Excitement over the prospects for IR development in Japan was palpable at the just-concluded Japan Gaming Congress. Held at a major hotel in central Tokyo, it drew in a capacity crowd of 450 people, mixing international operators with local Japanese businesses and others who hope to become stakeholders in what is predicted to become a multi-billion dollar industry. More than half a dozen Japanese lawmakers spoke on the opening day of the two-day conference, including Deputy Chief Cabinet Secretary Koichi Hagiuda, a close aide to Prime Minister Shinzo Abe.



This content is for members only. To continue reading

Join Now

Pages