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Rush Street starts Japanese sojourn

Niji Narayan

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Rush Street starts Japanese sojourn
Photo Source: tripsavvy.com
Reading Time: 2 minutes

 

Rush Street, the US casino operator has started operations of its Japanese subsidiary Rush Street Japan as it opened an office in the port town of Tomakomai. The company will strive to obtain a casino license in Hokkaido.

Hokkaido, the northern most of Japan’s archipelago and known for its volcanos, is a tourist destination having direct flight connection to South Korea, mainland China, Taiwan, Hong Kong, Singapore and Thailand.

Gambling majors like Caesars, Hard Rock, Mohegan, Clairvest, and Foxwoods are already trying to get a license in Hokkaido. So the competition is stiff. Tomakomai City, Kushiro City, and Rusutsu Village have all been touted as potential locations for a regional casino.

The operator will call on its experience in developing and operating casinos in Des Plaines, Philadelphia, Pittsburgh, and Schenectady.

Rush Street commented: “Rush Street IR facilities are developed from scratch, taking advantage of the characteristics of the area. For example, in our facilities located in North America, restaurants and lounges are carefully designed for the food culture and climate of the locality, and hotels and entertainment facilities are constructed to melt into the area while using the land. For example, Fallsview Casino Resort in Niagara Falls, Ontario, Canada, has been developed to blend in with the natural landscape and is now a landmark in the area that expresses the majestic nature of Niagara. This development project was realised with the largest single investment by Ontario Government. For the facilities in Illinois state in the United States, we are the first in the IR market to acquire LEED’s gold certification, an environmental performance evaluation system.”

“In Hokkaido we will develop a custom-made IR making full use of regional features while incorporating knowledge from the world’s best real estate developer. Promoting the development of the IR will be managed thorough field survey, plans that incorporate the views of the local community, and design of facilities that considers the local environment-friendly facilities.”

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Asia

Mohegan Opens Office in Tomakomai, Japan

Niji Narayan

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Mohegan Opens Office in Tomakomai, Japan
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Mohegan Gaming and Entertainment has opened an office in Tomakomai, Japan. Mohegan plans to use the office both as a home base for its Japanese team and a showroom for Hokkaido residents to learn about IRs.

“At the Tomakomai Office, we plan to install not only the Mohegan company profile but also a book that summarizes Mohegan’s corporate philosophy and CSR and an IR vision book,” Mohegan said.

Mohegan recently revealed the first details of its Hokkaido IR concept, to be named INSPIRE Entertainment Resort Hokkaido and cost between US$3.5 billion and US$4.5 billion to build.

The INSPIRE name follows the theme adopted on Mohegan’s other international developments: INSPIRE Korea, set to be built in Incheon and INSPIRE Athens, a proposed IR concept in Greece.

The Hokkaido IR would include a unique museum celebrating the cultures of both the Mohegan Tribe in Connecticut and the indigenous Ainu people of Japan. To be located in a forested area of Tomakomai, it would also offer various outdoor activities for guests such as horse riding and cross-country skiing.

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Malaysian Budget Increases Gambling Penalties

Niji Narayan

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Malaysian Budget Increases Gambling Penalties
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Malaysia’s Finance Minister Lim Guan Eng has announced that the punishments for both gamblers and gambling operators will be increased as part of the country’s 2020 budget. The budget has also set out that the number of four-digit lottery draws per year run by the Number Forecast Operators (NFO) will be reduced from 11 to 8.

It has been found that the maximum penalty for those who gamble illegally will be increased 20-fold from RM5000 to RM100,000. In addition to this, where previously there was no minimum sentence for gambling under the Common Gaming Houses Act of 1953, it will be now carrying out a jail term of no less than six months.

The minimum penalty of RM1m replaces the former minimum penalty of RM5000 for illegal gambling operators. Operating illegal gambling previously carried a maximum penalty of RM50,000, however, no maximum penalty is mentioned in the new budget.

The budget did not detail any changes to the upper limit on prison sentences for online gamblers, however, which is also set at six months for players, or for illegal operators, for whom the maximum sentence is three years.

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Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019

Niji Narayan

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Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019
Photo Source: scroll.in
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Analysts have predicted a decline in Macau’s casino revenue for the fourth quarter of 2019. Financial giant Morgan Stanley said that casino gross gaming revenue (GGR) is likely to be down every month of Q4 in Macau.

Analysts Praven Choudhary, Thomas Allen and Gareth Leung said that October GGR would be 6% down year-on-year. November and December would both register a 9% decline year-on-year, ending Q4 on a bad note.

“We expect Q4 revenue growth for both mass and VIP to decelerate compared to the first nine months in Macau. Driven by high [2018] base, lower [tally of] overnight visitors and general economic slowdown,” the analysts said.

The Morgan Stanley analysts also said that they expect third-quarter property EBITDA to be down 1%. “Also weaker than seasonality of an 8% increase quarter-on-quarter,” they said.

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