The first casino resort in Japan may be a couple of years in the making, but the first licenses are already being discussed. Up to four casino resort licenses are planned to be handed out by Japanese officials. However, there are some requirements for the new casino resorts which must be shown in the plans for the resorts.
Expected Casino Resort Profits
Chelsey Tam, in a briefing from Morningstar Investment Management Asia, explained the expected profits from casinos. In the briefing, made to Asia Gaming Brief, Tam explained that Japan expects US$19 billion (NZ$26 billion) in gaming revenues. Additionally, US$6 billion (NZ$8 billion) was anticipated from non-gaming amenities like restaurants and hotels.
Casino Resort Necessities in Japan
In order for a bidder to be considered, Japanese lawmakers have stated that they must meet core facility requirements. There are four core facilities a casino resort plan must have, and they are:
At least one hotel for guests.
A convention centre – for conferences or expositions.
Recreation facilities – such as shopping or theatres.
A travel agency.
However, regulations are still being discussed by Japanese lawmakers, so nothing is certain yet. These could be only the starting hurdles for potential casino operators in the country.
Casino Resort Bids
One of the front runners for one of Japan’s first four casinos is the Las Vegas Sands Corporation. The company is being considered because of a strong international casino resort portfolio that includes the Venetian Macau, Sands Macau, and the Marina Bay Sands in Singapore. More so, competitors for the coveted Japanese licenses are:
Crown Resorts Limited
Boyd Gaming Corporation
Galaxy Entertainment Group Limited
Melco Resorts and Entertainment Limited
These six companies are some of the most successful land-based casino operators in the world. Another favourite in the race for the licenses is Melco Resorts, as they have a definite plan for their resort. The company is aiming for a resort in scenic Osaka to allow tourists and locals to enjoy a larger resort. We’re still hedging our bets on who will win in this race, since there’s no guarantee as yet.