Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships French casino and hotel operator Groupe Lucien Barriere has reportedly changed its mind and decided not to pursue the chance to run one of Japan’s coming trio of integrated casino resorts. It looks like MGM Resorts is the last man standing in the bid to win a casino license in Osaka, Japan, after Genting Singapore dropped out of the race. Genting Has Edge On ‘Debt-Laden’ US Developers in Bid for Japan Casino License, Says Analyst. Posted on: July 25, 2018, 05:30h. Last updated on: July 25, 2018, 04:31h. Mohegan Gaming & Entertainment has revealed its intentions to bid for an integrated resort casino license in Nagasaki, Japan. The World's Online Gaming Authority Since 1995 Search Сlose Since the enactment of a law in July 2018 legalizing casino gambling in Japan, large resort operators from the United States have been boosting public relations efforts as they plan bids to enter The Race for a Japan Casino License Is Now MGM Resorts' to Lose help persuade the government to accept its bid. The casino operator also partnered being generated by casino gambling in Japanese financial services group ORIX Group announced at a Friday briefing that it would have an equity in a consortium with MGM that would bid for one of three gaming licenses that will be available as part of the first phase of casino gambling liberalization in Japan. The amount of equity both ORIX and MGM would take is still unknown. Resort casinos became legal in Japan in 2018; There will be three casino licenses up for grabs, with the central government choosing three regions or cities to hold a license; The license holder will then choose an operator to partner with; Osaka appears to be a favorite to receive a license ; Genting Group's chairman is confident of the company’s chances of getting an operator license Casino executives who have long salivated over Japan as a potential $20 billion gaming market are beginning to question whether that jackpot is worth all the trouble. The gambling industry in Japan has a bright future ahead of itself and casino developers are willing to reserve their spot in the future field which could provide them with a brand new source of revenue. According to Lawrence Ho, who is Chairman and Chief Executive of Melco Resorts and Entertainment Ltd., the casino license […]
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