Error message

  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).
  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).

Osaka Strip could take on Macau, Las Vegas

The building of an “Osaka Strip” involving three or more operators could potentially give Macau and Las Vegas a run for their money, says Steve Gallaway, managing partner of Global Market Advisors.

The analyst made comments on a number of scenarios for IRs in Japan in a white paper titled “White Paper: Japan Integrated Resorts”.

"Japan has the potential to be one of the largest gaming markets in the world, generating up to $24.2 billion at six different locations by 2030," said Gallaway in the executive summary.

"Developing the Osaka site, with multiple operators on the 'Osaka Strip,' would create critical mass and a true tourist destination. This would compete with Las Vegas, Macau, and Singapore in generating nearly $11 billion from that district alone," he said.

While the number of sites has not officially been determined, it is widely viewed that there will be between one to three IRs in the first round of RFPs, notes the analyst.

One item that is critical to the development of the IR sites however is that the regulatory and RFP structure does not constrain operators.

"As the National Diet continues to evaluate the best structure for integrated resorts in Japan, it needs to consider the strong regulatory atmosphere that should be established," noted Brendan Bussmann, director of government affairs with Global Market Advisors.

"The Diet needs to balance that regulatory structure with the desire of an operator to build an iconic facility that is representative of a specific site to maximize gaming and non-gaming revenue."

Responsible gambling is also an important issue that will be considered, says Bo Bernhard, PhD.

"In writing the legislation and creating a responsible gaming structure, the government can benefit from the best evidence-based and research-based solutions that other jurisdictions have implemented worldwide,” he said.

While the first bill authorizing the legislation process for casinos and IRs in the country was passed last year, it is anticipated that the second bill, which writes the legislation governing IRs will be passed at the end of 2017.

The next step will be “an internal process to identify the cities and prefectures that have an interest in hosting IRs” which is estimated to complete by 18Q3.

More news from this jurisdiction

JapanMonday, Jan 15, 2018

Nagasaki Governor Hodo Nakamura faces an electoral challenge from a candidate affiliated with the Japan Communist Party as he seeks a third term.

JapanFriday, Jan 12, 2018

In a piecemeal fashion, Japan is beginning to strengthen its anti-addiction infrastructure in anticipation of the opening of its first IRs in the next decade. The latest step is the establishment of the Hyogo Kobe Addiction Countermeasures Center, which will include a hotline for telephone consultation.

JapanThursday, Jan 11, 2018

TransAct Technologies said it has teamed up with AIGC Co., a new consulting agency focused on the potential casino gaming market in Japan, to promote its products.

JapanWednesday, Jan 10, 2018

Hideo Sawada, the founder of H.I.S., one of Japan’s largest travel agencies, who is also president of Huis Ten Bosch, the theme park in Sasebo city has sketched out a grand vision of an undersea casino in Nagasaki.

JapanThursday, Jan 04, 2018

The Japan Racing Association (JRA) began implementing third-party gambling addiction exclusions at the end of December, heralding a new direction in Japanese policy expected to apply not only to current forms of gambling, but also to the IRs likely to open in the mid-2020s.

JapanMonday, Dec 18, 2017

With four separate municipal governments now considering IR licensing bids within her prefecture, Hokkaido Governor Harumi Takahashi made comments last Thursday indicating that she will maintain a neutral and largely passive policy posture.

JapanSunday, Dec 17, 2017

With an event in Tokyo on the 7th and another in Nagasaki on the 14th, the RFI process is now underway for the Huis Ten Bosch theme park site in the prefecture’s Sasebo city.