Wednesday, January 16, 2019
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Tag: Japan

Will president Trump’s recommendation make a difference for Sands in Japan?

Donald-Trump, japan
While president Trump reportedly put forward Sands and another US operator for an IR licence during a 2017 meeting with his Japanese counterpart Shinzo Abe, it seems unlikely the gesture will have much of an impact. A recent report by investigative journalism group ProPublica claims that US president Donald Trump attempted to help major campaign donor Sheldon Adelson obtain a...

“Partnerships will be key” in the development of Japanese IR industry

japan, Global Market Advisors, partnerships, governments
Steve Gallaway, managing partner at Global Market Advisors, explains that to be successful in a bid for a Japanese IR licence, foreign operators will need to undertake multiple partnerships, working both with local companies as part of consortium, in addition to regional governments. Casino Review: Following the passage of the IR Implementation Bill, what kind of timescale are we looking...

Japan outlines plans for new casino regulator

prime minister, Shinzo Abe
The frame work of Japan’s nascent commercial casino industry continues to be laid , after the Diet prime minister Shinzo Abe passed its Integrated Resorts Implementation Bill last month. The government has now revealed that it will soon establish a dedicated…

Genting Singapore predicted to lead newly legalised Japanese market

Osaka Japan
Following the much anticipated passing of the Integrated Resorts Implementation Bill by the Japanese Upper House on 20 July, Genting Singapore is predicted to be recipient of the country’s first casino licence. With only three initial permits predicted to be awarded in 2020, analysts have suggested that the cash reserves and responsible policies of the leisure and casino operator make...

Diet green lights casino legislation

Japan-Tokyo
The second key bill for legalising integrated resorts in Japan has cleared its last major legislative hurdle, paving the way for the development of what some analysts estimate could be a $25bn market. Japan’s Integrated Resorts (IR) Implementation Bill passed into law on 20 July following a vote in a plenary session of the House of Councillors, the upper house...

Genting Singapore flagged as leader for new Japanese market

ICR WEBSITE JAPAN
Following the much anticipated passing of the Integrated Resorts Implementation Bill by the Japanese Upper House on 20 July, competition to become the first licensed operator in the country has begun. With only three initial licenses predicted…

Diet’s lower house passes integrated resorts bill

Japan National Diet bill
Is Japan really ready to become a big whale? The lower chamber of the Diet has passed the Integrated Resorts Implementation Bill, opening the door for the measure to be voted on in the House of Councillors before the end of July...

Korea’s casinos rebound on the back of rise in visitors from Japan

LDP
Recent figures from the Korea Casino Association indicate that the country’s 16 foreigner-only casinos are returning back to growth in the wake of the political tensions between China and South Korea in 2017. However, this rise was primarily driven by an uptick in visitors from elsewhere in Asia. While Chinese visitation continued to fall due with declines of 3.2 percent in...

Japanese government signs off on casino bill

prime minister, Shinzo Abe
The Japanese government endorsed a bill setting out the broad regulatory framework for the establishment of integrated resorts in the country on 27 April. “We will promote tourism with visitors from all over the world spending days , while taking complete measures to address various concerns including gambling addiction,” said Japan's prime minister, Shinzo Abe, speaking to the media. News reports...

LDP and Komeito reach consensus on key IR policy issues

Tokyo street view
In his 1979 release, Discovering Japan, Graham Parker sang that “after all the urges some kind of truth emerges”, which would seem to be the case for Japanese casino legislation as coalition partners LDP and Komeito reached a consensus on a number of key points, paving the way for a vote on the IR Implementation Bill by May. Following meetings...

Japan Gaming Congress (JgC) May 10-11, 2018

Casino Review Japan Gaming Congress JgC
Conrad, Tokyo As Japan continues its journey towards an exciting new era of legalised gaming, Clarion Gaming is delighted to be hosting the 3rd edition of JgC at The Conrad Hotel in Tokyo, May 10-11, 2017. With an estimated $40bn market at stake, the potential to be one of the major players has all the global Integrated Resorts groups vying...

Melco open Osaka HQ in significant step toward Japanese IR

Osaka Japan
Melco Resorts & Entertainment has opened an office in Osaka in a bid to capitalise on the fledgling Japanese gambling market. The new facility, first mooted in October, is located close to the proposed Osaka Harbour site of the $7.35bn man-made island Yumashima, hailed as the potential home for the city’s gambling industry by 2024. “We will make the necessary investments,”...

LDP and Komeito reach consensus on key IR policy issues.

LDP
In his 1979 release, Discovering Japan, Graham Parker sang that “after all the urges some kind of truth emerges”, which would seem to be the case for Japanese casino legislation as coalition partners, the LDP and Komeito reached a consensus on a number of key points, paving the way for a vote on the IR Implementation Bill by May. Following...

Fitch: Japan a threat to Korea and Russia, but not Macau

fitch
  Financial analyst firm Fitch Ratings has predicted Japan’s future casino industry, which could be worth up to $9bn a year, is unlikely to have a detrimental effect on the Macau market.   However, the much anticipated establishment of up to five integrated resorts in Hokkaido, Osaka, Wakayama, and Nagasaki will reportedly cause problems for Japan’s more immediate neigh- bours. “Japan’s integrated resorts...

MGS explores challenges and opportunities presented by Japan

MGS Japan
MGS Summit has confirmed several Japanese speakers, including Mike Tanji from Gaming Capital, as well as Awata Akira and Kazuaki Sasaki, to share their professional views about opportunities and challenges on the opening of the gaming market in Japan, as well as to discuss the current situation and future development of Japanese Integrated Resorts.   As announced last week, Gaming Capital’s...

Melco building up in Japan

melco
  Despite the non-existent casino industry, the Asian casino operator, Melco Resorts and Entertainment, has been making movements to build their influence in Japan.   Appointing Ako Shiraogawa as the president of their Japan branch, the company has also opened up two new offices, one in Tokyo and one in Osaka. With this increased effort in integrating into Japan’s business and tourism sectors,...

Is Japan on track for a Floating World of integrated resorts?

melco
While on paper, the opening of a market in Japan might seem an inevitability, the process still appears beset by ambiguities suggests Edward Lowton.   Levon Helm captured it best when he sang on the Band’s 1993 song, Move to Japan, “they’re taking all hands in the land of the Risin’ Sun.” But with the next emerging integrated resort market on...

Resorts World back on track as Imperial Pacific set for July opening

ICR - Media Watch Japan Imperial Pacific
The finish line is in sight for Saipan’s Imperial Pacific, Resorts World Manila is allowed to reopen with beefed-up security, while Japan’s famous longevity apparently extends to its gambling industry as the authorities close what appears to be one of the country’s oldest illegal venues.   Saipan casino operator Imperial Pacific International Holdings (IPI) will open its permanent gaming venue this...

Japanese arcade tycoon sues estranged family after boardroom upset

ICR - family sue
Japanese slot machine tycoon Kazuo Okada is suing his wife, son and daughter after he was ousted from the board of his family-run business empire.   Okada, 74, owns 46.4 percent of shares in Okada Holdings, the corporate parent of Universal Entertainment, which manufactures pachinko, slots and casino equipment. He said: “Unless I sue there will be no opportunity to talk. The...

Japan to use casino revenue to fund anti-addiction efforts

Japan casino bill addiction
Newly legalised casinos in Japan may be required to divert funds to anti-addiction efforts, as the government hammers out a regulatory framework for the gambling houses.   A law lifting the prohibition on casinos in Japan last December will allow global operators to build resorts for the first time, although not before lawmakers have put together and passed an anti-addiction bill. The...

The Waiting Years: Japanese gaming legislation gradually takes shape

ICR - Japanese gaming bill
Sources in the Japanese government suggest that it’s likely to be August at the earliest before a steering body publishes the outline of the Integrated Resorts (IR) Implementation Bill.   Government sources have suggested that it is likely to be August at the earliest before a steering body made up of Japanese cabinet ministers makes public the outline of the Integrated...

Caesars has “full confidence” in Japan IR expansion

ICR - Caesars Japan IR extension
In the run-up to the second edition of the Japan Gaming Congress at Tokyo’s Grand Hyatt this May, and with an expected six months before the first licences are issued, Mark Frissora, CEO of Caesars Entertainment, explains why the company is ideally placed to develop an IR in the region.   “This launch of integrated resorts in Japan offers a highly...

Pilling explores why grey matters in Asia

ICR - iGaming Lorien Pilling Grey Matters
Gaming in Asia’s largely unregulated markets can be volatile, but for Isle of Man-based gaming consultant, Lorien Pilling, the rewards of operating in this vast and voracious region can be more than compensatory.   The Asian continent is still many shades of grey for international gaming providers, yet revenue from the region is fast becoming a vital component on many a...

Ukiyo-e, Macau and the Asian casino industry

ICR - Macau Asia Industry Ukiyo-E
As Macau revenues begin to pick up again, what will be the impact of the Japan market opening on the territory and the wider Southeast Asian casino industry?   There is a hidden meaning in Utagawa Hiroshige’s well-known Ukiyo-e piece, Asakusa Ricefields and Torinomachi Festival, from his series One Hundred Famous Views of Edo. In a salacious detail, the tenugui or Japanese...

Japanese government begins work on second casino bill

ICR - Japan Casino legislation
The global gaming business is abuzz about Japan’s upcoming casino legalisation, no small wonder considering that experts predict Japan could be the third biggest market globally, trailing behind the US and Macau.   Lawmakers passed a bill last December to legalise casinos, with the first sites predicted to open as soon as 2023. This April, the Japanese government has begun work...

Japan Gaming Congress approaches capacity as delegates head to Tokyo

Japan , Tokyo
The Japan Gaming Congress (JgC) which is being held across 10-11 May at the Grand Hyatt Hotel in Tokyo, is close to capacity with over 420 delegates now registered for the event. JgC will feature thought leaders including, Mark Frissora, CEO, Caesars Entertainment; John Raczka, Former Vice President Entertainment Development & Operations, Melco Crown Entertainment; Masayo Watanabe, Senior Manager Sub-Leader for the Integrated Resort Support Office, Ernst & Young Japan; Masahiro...

Japan could provide the model for emerging gaming markets – argues BMM Testlabs’ John Rochester

ICR - John Rochester BMM Testlabs JgC Japan Gaming Congress
With the gaming industry tuned into the prospects of addressing Japan’s predicted $40bn gaming and hospitality sector, the forthcoming Japan Gaming Congress (May 10th – 11th, Grand Hyatt, Tokyo) has taken on huge significance. John Rochester, SVP Business Development Australia Asia Pacific, BMM Testlabs, looks ahead to the prestigious two-day educational forum, highlights how events such as the JgC...

Japan will bring creativity and innovation to world gaming

ICR - Raymond Chan Japan Gaming Congress
Raymond Chan, Co-Founder and CEO of gaming technology company, TGG Interactive, believes the development of gaming in Japan and the consequent creation of a lucrative $40bn gaming and hospitality market, will add both innovation and creativity to the world gaming industry.   Sharing his analysis ahead of his appearance at the Japan Gaming Congress (10 – 11 May, Grand Hyatt, Tokyo),...

Pachinko industry in a pinch in face of new legislation

Casino Review - Pachinko Japan
Japan’s pachinko industry covers its balls in the face of impending regulation   Over in Japan, the government is looking to restrict existing gambling establishments - including the $200bn pachinko industry - as it prepares to welcome casinos in its jurisdiction. Bloomberg reported that the move was part of the government’s plan to tackle gambling addiction even before country adds Las Vegas-style...

Battle Royale: Execs in the ring over one of two IR licences

Casino Review - Japan Casino market IR licence battle royale
The race to secure one of only two IR licences to operate in the long-coveted Japanese casino market is heating up. With Sands, MGM Melco and Genting all professing to do whatever it takes, there will be some sore losers.   The largest casino operators on the planet are piling in with their claims on Japan’s fertile casino market - with...

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