After a bitter final debate at the national level, the government finally passed a bill legalizing casinos. Now the discussion of the switches to the local level as regional administrations debate the pros and cons of hosting integrated resorts in their municipalities.
Japan’s recent referendum to legalize the development of integrated resorts has sparked an outpour of support and interest from international operators and domestic firms, all wanting to be part of this historic development in the world’s third largest economy.
Japan’s Universal Entertainment is disposing of treasury shares through an international offering and third-party allotment to raise funds for operations at its $2.4 billion Okada Manila resort in the Philippines.
Hard Rock Cafe International is aiming to own up to 60 percent in a Japanese casino resort, and will be looking to partner with Japanese companies in a consortium, according to its chairman on Tuesday.