{"id":134189,"date":"2020-04-27T09:09:43","date_gmt":"2020-04-27T16:09:43","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=134189"},"modified":"2020-04-27T12:08:40","modified_gmt":"2020-04-27T19:08:40","slug":"tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/","title":{"rendered":"Tokyo Expected to Enter Integrated Resort Bidding, Alter Casino Operators’ Proposal Strategies"},"content":{"rendered":"

Tokyo is expected to soon announce its candidacy to land one of Japan’s three forthcoming integrated resorts (IR), and analysts say that will overhaul the bidding strategies for casino operators.<\/p>\n

\"Tokyo
Tokyo lost the Summer Olympics this year, but is expected to enter the race for a casino resort in 2021. (Image: Getty)<\/figcaption><\/figure>\n

Osaka and Yokohama are presently two of the leading prefectures that have formally announced their intentions to win casino privileges. Two other prefectures \u2013 Nagasaki and Wakayama \u2013 have also announced plans to bid.<\/p>\n

MGM Resorts, one of the six gaming companies in Macau, is pursuing Osaka. Former CEO Jim Murren stated last year that he believes Osaka will be the first prefecture and city to receive IR approval from the federal government.<\/p>\n

\n

Las Vegas Sands, the consensus favorite to be awarded one of the casino rights, hasn’t committed to one specific locale. The experienced casino giant has properties in Las Vegas, Macau, and Singapore, and says it’s targeting Tokyo and Yokohama.<\/p>\n<\/div>\n

Additional casino operators readying bids include the four other Macau concession holders:\u00a0<\/span>Melco Resorts, Wynn Resorts, Galaxy Entertainment, and SJM Holdings. Hard Rock International, Genting Group, and Bloomberry Resorts are also mulling proposals.<\/p>\n

Tokyo Components<\/b><\/h2>\n

Japan’s most populated city, with approximately 38 million people in the greater metro area, Tokyo is the holy grail of what’s considered the most lucrative gaming opportunity since Macau ended SJM’s monopoly in 2001.<\/p>\n

The Japanese capital is the economic engine of the Land of the Rising Sun, and is one of the world’s major business hubs. It has the largest metropolitan economy in the world, with GDP totaling nearly $2 trillion annually.<\/p>\n

Management consultancy firm A.T. Kearney ranked Tokyo No. 4 on its Global Cities Report list of the world’s most influential cities. It trailed only Paris, London, and New York.<\/strong><\/p>\n

Each of the interested casino operators would presumably choose Tokyo if given the opportunity. But Japan’s National Diet legalized three commercial casino resorts to not only grow tourism, but also benefit economically troubled areas \u2013 something Tokyo is not.<\/p>\n

In Global Market Advisors <\/i>(GMA) latest research brief on the Japan IR opportunity, the consultancy says the Tokyo government will indeed make a play for a casino.<\/p>\n

\n

Regarding the perceived crown prize of Tokyo, GMA has long stated that it is not a matter of if, but when, they will announce that they will participate in the process. Such an announcement could occur by the end of this summer following the Governor’s reelection,” the brief opined.<\/p>\n<\/blockquote>\n

“The addition of Tokyo could cause several operators and prefectures to potentially rethink their strategy.”<\/p>\n

Timeline Unchanged<\/b><\/h2>\n

GMA believes the timeline for Japan’s casino<\/a> tender will not be severely impacted by the COVID-19 pandemic.<\/p>\n

“Japan’s opportunity is worth weathering the storm and potentially allowing some slight modifications in the timeline to, at a minimum, allow for the Fundamental Policy to be released, commented on, and finalized by operators to put forward their bids with all of the necessary information in hand,” GMA stated.<\/p>\n

Casinos are forming consortiums with local businesses, and then will bid their prefecture\/city. If selected, the prefecture\/city and casino consortium will then petition the federal government for approval.<\/p>\n

As Casino.org <\/i>reported earlier this month, Japan is expected to field bids<\/a> beginning January 4, 2021, and run through July 30 of that year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tokyo is expected to soon announce its candidacy to land one of Japan’s three forthcoming integrated resorts (IR), and analysts say that will overhaul the bidding strategies for casino operators. Osaka and Yokohama are presently two of the leading prefectures that have formally announced their intentions to win casino privileges. Two other prefectures \u2013 Nagasaki […]<\/p>\n","protected":false},"author":25,"featured_media":134194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,18943],"tags":[],"acf":[],"yoast_head":"\nTokyo Expected to Enter IR Bidding, Overhaul Casino Strategies<\/title>\n<meta name=\"description\" content=\"Tokyo is expected to soon throw its hat into the integrated resort ring, and analysts say that will overhaul the bidding strategies of casino operators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tokyo Expected to Enter IR Bidding, Overhaul Casino Strategies\" \/>\n<meta property=\"og:description\" content=\"Tokyo is expected to soon throw its hat into the integrated resort ring, and analysts say that will overhaul the bidding strategies of casino operators.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T16:09:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T19:08:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/\",\"url\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/\",\"name\":\"Tokyo Expected to Enter IR Bidding, Overhaul Casino Strategies\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg\",\"datePublished\":\"2020-04-27T16:09:43+00:00\",\"dateModified\":\"2020-04-27T19:08:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Tokyo is expected to soon throw its hat into the integrated resort ring, and analysts say that will overhaul the bidding strategies of casino operators.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Tokyo lost the Summer Olympics this year, but is expected to enter the race for a casino resort in 2021. (Image: Getty)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Tokyo Expected to Enter Integrated Resort Bidding, Alter Casino Operators’ Proposal Strategies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tokyo Expected to Enter IR Bidding, Overhaul Casino Strategies","description":"Tokyo is expected to soon throw its hat into the integrated resort ring, and analysts say that will overhaul the bidding strategies of casino operators.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/","og_locale":"en_US","og_type":"article","og_title":"Tokyo Expected to Enter IR Bidding, Overhaul Casino Strategies","og_description":"Tokyo is expected to soon throw its hat into the integrated resort ring, and analysts say that will overhaul the bidding strategies of casino operators.","og_url":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-04-27T16:09:43+00:00","article_modified_time":"2020-04-27T19:08:40+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/","url":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/","name":"Tokyo Expected to Enter IR Bidding, Overhaul Casino Strategies","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg","datePublished":"2020-04-27T16:09:43+00:00","dateModified":"2020-04-27T19:08:40+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Tokyo is expected to soon throw its hat into the integrated resort ring, and analysts say that will overhaul the bidding strategies of casino operators.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/2020-03-24-tokyo-thumbnail-01.jpg","width":1200,"height":800,"caption":"Tokyo lost the Summer Olympics this year, but is expected to enter the race for a casino resort in 2021. (Image: Getty)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/tokyo-expected-to-enter-resort-bidding-overhaul-casino-strategies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"Tokyo Expected to Enter Integrated Resort Bidding, Alter Casino Operators’ Proposal Strategies"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/134189"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=134189"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/134189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/134194"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=134189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=134189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=134189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}