Junkets Frozen Out <\/strong><\/h2>\nBut perhaps the main reason for analysts\u2019 newfound pessimism is that the junket industry will not be permitted to operate legally within the Japanese market, a factor that will restrict the Chinese VIP segment, worth billions each year to other Asian markets like Macau, Singapore and the Philippines.<\/p>\n
The junket industry allows high rollers to swerve strict rules on the outflow of cash from the Chinese mainland by lending them money so they can gamble freely, before settling up, usually when they return home.<\/p>\n
Analysts also cited the level of foreign ownership as a concern for operators. While LVS, for example, has vowed it will spend \u201cwhatever it takes\u201d to gain a foothold in the market — and is seen as a frontrunner — it is unlikely get involved unless it has full control.<\/p>\n
The panel said it expects policymakers to stipulate resorts must be developed by a consortium involving Japanese companies.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Japanese casino market appears to be shrinking and it’s still several years away from opening its first resort. The country has for the past decade been touted by analysts as the sleeping giant of casino gaming, with the potential to quickly surpass Las Vegas as the second biggest market in the world, after Macau. […]<\/p>\n","protected":false},"author":36,"featured_media":101154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,33810,18],"tags":[],"acf":[],"yoast_head":"\n
Analysts: Japanese Casino Market Will \u2018Underwhelm\u2019<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n