{"id":175204,"date":"2021-06-01T09:25:47","date_gmt":"2021-06-01T16:25:47","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=175204"},"modified":"2021-07-19T01:32:13","modified_gmt":"2021-07-19T08:32:13","slug":"yokohama-rfp-down-to-just-genting-singapore-melco","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/","title":{"rendered":"Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process"},"content":{"rendered":"

As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama’s request for proposal (RFP) plans.<\/p>\n

\"Yokohama
Yokohama skyline and Mt. Fuji pictured above. Genting and Melco advanced to the city’s casino RFP round. (Image: The Japan Times<\/em>)<\/figcaption><\/figure>\n

Japan’s second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected to partner with the city in its approach to the federal government in an effort to land one of the first three Japanese gaming licenses.<\/p>\n

Following the departure of Galaxy Entertainment Group from the Yokohama<\/a> bidding competition two weeks ago, four contenders remained. But market observers widely saw it as a two-horse race between Genting and Singapore.<\/p>\n

Japanese Shotoku Corp. advanced to the RFP, but its submission was turned away.<\/strong><\/p>\n

One Yokohama Surprise<\/h2>\n

While it’s not surprising that Genting and Melco are the last competitors left standing in the Yokohama fray, one somewhat unexpected scenario emerged.<\/p>\n

In confirming that Genting Singapore advanced to the RFP round, the city also revealed the gaming company is partnering with local firms Sega Sammy Holdings and Kajima Corp. Sega Sammy was previously one of the final companies angling to get to the RFP.<\/p>\n

\n

However, that company, which is one of Japan’s biggest makers of pachinko machines, recently expressed concerns<\/a> about the Yokohama bidding process and going it alone. It also said it might make sense to partner with a foreign company to better lure Chinese gamblers to Japan.<\/p>\n<\/div>\n

The combination of Genting, Kajima, and Sega Sammy is potentially potent, because it not only includes local companies but also has operators with Asia-Pacific gaming experience. Genting is one of the largest gaming firms in the region, while Sega Sammy is a minority partner in a South Korean integrated resort.<\/p>\n

For its part, Melco is working with Japan-based Taisei Corporation.<\/p>\n

What’s Next for Yokohama<\/h2>\n

Yokohama revealed its plans to pursue a gaming license in August 2019 and initiated a request for concept (RFC) round in December of that year.<\/p>\n

Initially, there was a crowded field of competitors vying for the rights to partner with the city. But concerns about costs and lack of clarity on a policy framework led to the withdrawals of Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), and, most recently, Galaxy.<\/p>\n

Genting and Melco have until June 11 to submit proposals to Yokohama. From there, the city will begin its selection process, with the aim of bringing a pitch to the federal government in April 2022. Other competitors in the Japan integrated resort race include Nagasaki and Wakayama prefectures and the city of Osaka.<\/strong><\/p>\n

It’s unlikely that Yokohama officials will publicly comment on what group — Genting or Melco — is the leader. However, analysts are speculating it’s Genting’s competition to lose<\/a>. That thesis could be further enhanced by the gaming company<\/a> partnering with Kajima and Sega Sammy.<\/p>\n","protected":false},"excerpt":{"rendered":"

As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama’s request for proposal (RFP) plans. Japan’s second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected to partner with the city in its approach to the federal government in […]<\/p>\n","protected":false},"author":46,"featured_media":175205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nYokohama RFP Down to Just Genting Singapore, Melco<\/title>\n<meta name=\"description\" content=\"Genting Singapore and Melco Resorts remain in Yokohama RFP scheme and both are partnering with local companies.\" \/>\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\/yokohama-rfp-down-to-just-genting-singapore-melco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yokohama RFP Down to Just Genting Singapore, Melco\" \/>\n<meta property=\"og:description\" content=\"Genting Singapore and Melco Resorts remain in Yokohama RFP scheme and both are partnering with local companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/\" \/>\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=\"2021-06-01T16:25:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-19T08:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/\",\"url\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/\",\"name\":\"Yokohama RFP Down to Just Genting Singapore, Melco\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg\",\"datePublished\":\"2021-06-01T16:25:47+00:00\",\"dateModified\":\"2021-07-19T08:32:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Genting Singapore and Melco Resorts remain in Yokohama RFP scheme and both are partnering with local companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg\",\"width\":2000,\"height\":1333,\"caption\":\"Yokohama skyline and Mt. Fuji. Genting once wanted to build a casino-resort there, but it remains cool on Japan. (Image: The Japan Times)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process\"}]},{\"@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\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"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-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Yokohama RFP Down to Just Genting Singapore, Melco","description":"Genting Singapore and Melco Resorts remain in Yokohama RFP scheme and both are partnering with local companies.","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\/yokohama-rfp-down-to-just-genting-singapore-melco\/","og_locale":"en_US","og_type":"article","og_title":"Yokohama RFP Down to Just Genting Singapore, Melco","og_description":"Genting Singapore and Melco Resorts remain in Yokohama RFP scheme and both are partnering with local companies.","og_url":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2021-06-01T16:25:47+00:00","article_modified_time":"2021-07-19T08:32:13+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/","url":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/","name":"Yokohama RFP Down to Just Genting Singapore, Melco","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg","datePublished":"2021-06-01T16:25:47+00:00","dateModified":"2021-07-19T08:32:13+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Genting Singapore and Melco Resorts remain in Yokohama RFP scheme and both are partnering with local companies.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/06\/yoko.jpg","width":2000,"height":1333,"caption":"Yokohama skyline and Mt. Fuji. Genting once wanted to build a casino-resort there, but it remains cool on Japan. (Image: The Japan Times)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/yokohama-rfp-down-to-just-genting-singapore-melco\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process"}]},{"@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\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","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-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/175204"}],"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\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=175204"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/175204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/175205"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=175204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=175204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=175204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}