{"id":207447,"date":"2022-03-30T20:53:35","date_gmt":"2022-03-31T03:53:35","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=207447"},"modified":"2022-03-31T09:41:51","modified_gmt":"2022-03-31T16:41:51","slug":"ballys-eyeing-fukuoka-for-japan-casino-resort","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/","title":{"rendered":"Bally\u2019s Surprises with Plans for Japan Casino"},"content":{"rendered":"

Bally\u2019s (NYSE:BALY) stunned the gaming world Wednesday, saying it wants to bring an integrated resort to the Japanese city of Fukuoka and is hopeful the country will eventually consider future bids for gaming venues.<\/p>\n

\"Fukuoka\"
A view of Hakata skyline in Fukuoka, Japan. Bally’s wants to build a casino-resort there. (Image: Japan Times<\/em>)<\/figcaption><\/figure>\n

Japan\u2019s long-winding efforts to lure casino companies currently revolve around three initial licenses with Nagasaki, Osaka, and Wakayama<\/a> expected to submit proposals late next month. A consortium including MGM Resorts International is forecast to win in Osaka<\/a>, as it\u2019s the only bidder there, and Caesars Entertainment is part of a group seeking to bring an integrated resort to Wakayama.<\/p>\n

Bally\u2019s declaration is surprising because Fukuoka — Japan\u2019s sixth-largest city — hasn\u2019t been viewed as a contender for an integrated. In fact, Mayor Soichiro Takashima recently said he\u2019s not interested in a gaming property coming to the area. Bally\u2019s appears undaunted.<\/p>\n

Fukuoka has tremendous potential as a host community for an integrated resort,\u201d<\/strong> said Vice President Christopher Jewett at a press briefing.<\/p><\/blockquote>\n

Rhode Island-based Bally\u2019s said it would spend $3.9 billion on Japanese gaming venue — easily the operator\u2019s largest project to date.<\/p>\n

Bally\u2019s Optimistic About More Bids<\/h2>\n

Japan\u2019s deadline for integrated resort bids is April 28. But Jewett expressed optimism that after policymakers absorb the initial batch of plans, it\u2019s possible they reopen the field to other contenders.<\/p>\n

\n

It remains to be seen if that outlook proves accurate. But Prime Minister Fumio Kishida<\/a> is supportive of casino gaming as an avenue for boosting tourism to the world\u2019s largest third-largest economy. However, that\u2019s not a guarantee Japan will rapidly expand beyond the initial three licenses it planned to award, or if it will even permit three casinos to start.<\/p>\n<\/div>\n

Bally\u2019s believes that if Japanese lawmakers decide to award more gaming permits, or if they\u2019re not enthusiastic about one of the three aforementioned cities, Fukuoka could potentially benefit.<\/p>\n

\u201cIf this happens, Fukuoka has the potential to position itself as a strong candidate for selection,\u201d said Jewett at the press conference. \u201cIt is clear, however, that no proposal is possible without the strong support of the many constituents in the community.\u201d<\/p>\n

Bold Move for Bally\u2019s<\/h2>\n

Bally\u2019s currently operates 14 casinos in 10 states, most of which are in regional markets, and the Japan effort is the first sign the company is thinking on an international level.<\/p>\n

To date, the operator\u2019s biggest deal is the $2.7 billion acquisition of Gamesys, which was wrapped up last year. Additionally, the $3.9 billion the company is proposing to spend in Japan is more than double its market capitalization of $1.57 billion, and nearly twice the price tag on a pending takeover offer<\/a> by\u00a0 hedge fund Standard General.<\/p>\n

Jewett didn\u2019t mention how Bally\u2019s would raise capital for a Japan project or if partners will be involved.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Bally\u2019s (NYSE:BALY) stunned the gaming world Wednesday, saying it wants to bring an integrated resort to the Japanese city of Fukuoka and is hopeful the country will eventually consider future bids for gaming venues. Japan\u2019s long-winding efforts to lure casino companies currently revolve around three initial licenses with Nagasaki, Osaka, and Wakayama expected to submit […]<\/p>\n","protected":false},"author":46,"featured_media":207448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nBally's Eyeing Fukuoka For Japan Casino-Resort<\/title>\n<meta name=\"description\" content=\"Bally's surprises with plans for an integrated resort Japanese city of Fukuoka.\" \/>\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\/ballys-eyeing-fukuoka-for-japan-casino-resort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bally's Eyeing Fukuoka For Japan Casino-Resort\" \/>\n<meta property=\"og:description\" content=\"Bally's surprises with plans for an integrated resort Japanese city of Fukuoka.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/\" \/>\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=\"2022-03-31T03:53:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-31T16:41:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/japan2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\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\/ballys-eyeing-fukuoka-for-japan-casino-resort\/\",\"url\":\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/\",\"name\":\"Bally's Eyeing Fukuoka For Japan Casino-Resort\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/japan2.jpg\",\"datePublished\":\"2022-03-31T03:53:35+00:00\",\"dateModified\":\"2022-03-31T16:41:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Bally's surprises with plans for an integrated resort Japanese city of Fukuoka.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ballys-eyeing-fukuoka-for-japan-casino-resort\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/japan2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/japan2.jpg\",\"width\":2121,\"height\":1414,\"caption\":\"A view of Hakata skyline in Fukuoka, Japan. 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