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Daily Asia Gaming eBrief: Japan’s remaining casino licenses won’t see the light of day for years

Good morning.  “Another’s misfortune can taste like honey”. The Japanese saying fits well for MGM’s integrated resort development in Japan, points out a top expert, noting how progress for the remaining two licenses is “well and truly halted”. This effectively gives MGM a monopoly, a positive for the company but detrimental to the overall IR development of Japan. Meanwhile, MGM saw less fortunate news with its results, with its Macau operations weighed down by non-gaming costs and refurbishments, drawing down EBITDA in the third quarter.

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JAPAN

Nagasaki, Nagasaki IR, Japan

Two remaining licenses won’t see the light of day for years: expert

Japan’s ongoing political turmoil and other conditions have effectively granted MGM a monopoly on casino gaming in the country for the foreseeable future. Top gaming expert Daniel Cheng notes that Japan’s remaining two licenses “are not going to see the light of day for many years”. Following the recent elections, political factions are likely to continue to run against IR interests, stifling any possibility for Japan to rival Singapore or Macau.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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