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Daily Asia Gaming eBrief: Japan mired in political inertia, as proponents dwindle

Good Morning. The empire of the sun is finding it hard to shed light on its casino aspirations, as politics overshadow the possibilities. Industry expert and author Daniel Cheng points out the current hindrances in the political sphere, highlighted by the aging proponents of the project. Meanwhile, in Vietnam the proposal for an IR in Van Don appears to be taking shape, with plans submitted for a $2.1 billion resort. And analysts at Maybank have raised their earnings estimates for Genting Berhad on the back of its 3Q23 results.

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JAPAN

MGM Resorts, Osaka, Japan

Political misfiring tapering casino winds in Japan

Japan’s political landscape continues to be a quagmire, which is hindering the development of the nation’s casino industry, despite recent hopes surrounding the Osaka development. Author and expert Daniel Cheng points out the aging political support for the movement, and ongoing opposition, with political inertia likely to drag on, as investor sentiment further cools amongst the decades-long process.


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AGBrief Editorial
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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