Global Casino Industry Juiced for Japan
by Muhammad Cohen
The world’s casino business sees Japan’s casino legalization as a golden opportunity and, even amid the ongoing recovery in Macau, the gaming industry is all abuzz about it. One unscientific indicator: I’m a speaker at next month’s Japan Gaming Congress in Tokyo and I’ve had several industry friends ask for my help to get them on the conference program. More scientifically, a study by Global Market Advisors indicates, no matter how Japan plays casino legalization – or, as supporters would prefer, integrated resort development – it will be the second biggest market in Asia and number three in the world, behind U.S. and Macau. That explains why Las Vegas Sands founder Sheldon Adelson says his company will invest $10 billion in a Japan integrated resort, and Melco Resorts and Entertainment Chairman and CEO Lawrence Ho says his company will spend “whatever it takes” to secure a Japan gaming license. But the multiple scenarios also underline how little anyone knows about Japan has in mind for development of its so-called IRs.
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