Restricted Casinos in Japan
Not much time has passed since the casino was legalized in Japan, as the efforts of well-known casino operators are aimed at attracting Japanese partners to open gambling establishments in the country.
Between the well-known operators MGM Resorts, Hare Rocks Cafe International, Las Vegas Sands and Genting Singapore Plc, the struggle for leading positions in the Japanese market has already begun. Along with these, the bill, according to which gambling will be carried out and the operators will be selected, is only at the stage of development. Show more
It is most likely that integrated resorts will unite with operators, which will facilitate the opening of hotels with casinos, shops and conference rooms. According to local sources, initially two or three casinos will be approved in Japan, and then in 2019 the operators will be selected. The opening of gambling establishments will take at least six years.
According to the forecasts of the brokerage company СLSА, the total income from two casinos will be at least $ 10,000,000,000. If the Japanese authorities approve a larger number of establishments, then the Japanese regulated market of gambling can be estimated at $ 40,000,000,000. Legislative gambling in densely populated Japan with developed tourist infrastructure has opened up excellent prospects for world operators, who are just now striving to conclude profitable contracts. To this end, MGM has expanded its resources to exclude the risk of a repeat failure, as it once was in Singapore.
Recall that over the past year 24 million tourists had visited Japan. The planned holding of the Olympic Games in the Japanese capital can provide a large casino income with the availability of sweepstakes. Show less
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