Bernstein analyst Vitaly Umansky believes Genting Singapore to have a “very strong chance” of securing a Japan casino opportunity in Yokohama, given its Singapore background and its Japanese partner.
There are signs that Blackstone has not yet given up on Crown Resorts after Blackstone chief operating officer Jonathan Gray said his firm’s executives are “big believers in Australia” and was “committed to helping businesses realize their potential”.
Sources are pointing at another potential suitor for Crown Resorts’ shares, Hong Kong-listed CC Land Holdings.
Crown Resorts said a group of funds advised by Oaktree Capital Management has offered to help the company by buying back up to $3 billion worth of shares held by James Packer’s Consolidated Press Holdings.
Billionaire James Packer plans to abide by the decision of Crown Resorts' board on whether to accept an A$8 billion ($6.2 billion) bid from Blackstone Group, reinforcing the company's negotiating stance.
The Nagasaki Prefectural Government has confirmed that five consortiums are in the race to become their partners in a licensing bid. The five have been named as Casinos Austria Japan, Current Group, Niki Chau Fwu (Parkview), One Kyushu (TTL Resorts), and the Oshidori consortium.
UK-based Entain Plc has made a non-binding offer to buy the wagering and media division of Australia’s largest gambling company, Tabcorp Holdings.
Wynn Resorts has confirmed to the Asahi Shinbun that it has dropped out of the Yokohama IR race, leaving five firms believed to be in the running; Galaxy, Genting, Melco, Sega Sammy, and Shotoku.
The Nagasaki Prefectural Government has announced that five consortiums have submitted documents in hopes of partnering with the prefecture in its IR licensing bid. The companies involved were not named, though the prefecture indicated that among them are Asian, European, and North American firms.
Ted Chan, Galaxy Entertainment’s COO for Japan, has welcomed the shift in the national IR development timeline and reiterated his firm’s intention to make a bid.