Asia

Bid for Casino Resort License in Japan Elevates Investments in Resorts

Published

6 years ago

May 29, 2019

Niji Narayan

Bid for Casino Resort License in Japan Elevates Investments in Resorts

Reading Time: < 1 minute

In Japan, three casino resort licenses are expected to be authorised in the coming months. Osaka and Yokohama are the two leading candidate cities applied for the license.

Morgan Stanley, the financial services firm, expressed concerns that the intense bidding will elevate each property’s total investment, and therefore, extend the time required for the companies to simply break even.

Officials from Yokohama city reported that their request for information (RFI) phase revealed several casino operators are ready to invest nearly $12 billion in a resort complex.

Yokohama is a preferred destination, as the large city is near the Tokyo capital. But Osaka is the frontrunner for MGM and Las Vegas Sands, the two casino operators considered the favourites for licensure by gaming industry analysts.

Related Topics:

Up Next

GREF Appoints Jorn Starck as New Chairman

Don't Miss

UltraPlay signs strategic partnership on the Asian market with AE Group

Niji Narayan

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.