We see great potential in the Japan gaming market and estimate the country could generate up to US$25bn in gaming revenue per year after the full buildout of two urban IRs and up to 10 regional casinos.
Japan’s passing of the Integrated Resort (IR) Promotion Law in December 2016 was a historic step after years of false starts. But supporters of this legislation cannot rest on their laurels as this was just the first step of many. Next up is the formation of the IR Implementation Law – which will lay out details such as tax structure, location, ownership and invested capital requirements – before the highly competitive bidding process for a Japan gaming licence officially begins.
Gaming operators will begin presenting their cases now … Savvy global gaming operators will begin telegraphing their case for receiving a gaming concession long before the official bidding process kicks off. At our Japan Forum in Tokyo over 21-24 February, executive leaders from Las Vegas Sands, Wynn Resorts, MGM Resorts and Melco Crown presented their thoughts on Japan’s gaming potential and outline the value they each bring to the table.
Our assembly of four of the gaming world’s biggest and most experienced operators is a testament to the tantalising potential of Japan.