Financial services firm Morgan Stanley expressed concerns earlier this year that the fierce bidding will lead to elevated overall investment costs for the eventual winners, and therefore extend the years it will take for the casino operators to simply break even on their IRs.<\/strong><\/p>\nCasino operators will partner with local Japanese companies to form consortiums. To win licensure, it will be a two-step process where a company like MGM must first be chosen by an interested host city like Yokohama, and then also be approved on the federal level.<\/p>\n
Osaka Mayor Ichiro Matsui said his city received seven early request-for-concept proposals, but also didn’t name names.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Japan casino race is intensifying after reports surfaced this week that Yokohama will soon formally announce its intentions to win one of the three integrated resort (IR) properties. The federal government of the world’s third-largest economy is currently finalizing the regulatory conditions that will oversee the three multi-billion-dollar casino complexes. In the interim, local […]<\/p>\n","protected":false},"author":25,"featured_media":112581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
Japan Casino Race Intensifies Following Yokohama Entry<\/title>\n\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