The world’s biggest casino operators, for example Las Vegas Sands, MGM Resorts, Galaxy Entertainment, and Melco Resorts, are all licking their chops with the prospect of entering Japan. Some of the billionaires behind the companies have touted investments as high as $10 billion should they receive one of the coveted licenses.<\/p>\n
Bussmann says Japan would be smarter to allow several resorts to be built in each IR zone, which would force the operators to diversify their attractions.<\/p>\n
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“As opposed to one operator that may be willing to contribute $10 billion to a single IR, if you could bring together multiple operators while still staying within the 3 percent casino size, you are likely to see a number well north of the $10 billion,” Bussmann concluded.<\/p>\n<\/div>\n
Praveen Choudhary, managing director of Morgan Stanley’s Hong Kong office, agrees. He says more non-gaming and variety would result in multiple companies operating in a single area.<\/p>\n
The analysts seem to favor Japan basing its regulations off Macau, the richest gambling hub on planet Earth. Six licensed casino operators are permitted to own and operate resorts in the enclave.<\/p>\n
IR Bill Amendments<\/b><\/h2>\n
Shinzo Abe’s Liberal Democratic Party and the Komeito lawmakers are still proceeding cautiously, as Japan’s foray into gambling remains wildly unpopular among the general public.<\/p>\n
The original 2016 casino shell bill mandates that the IRs “have to be constructed and operated as an integral single unit by a single entity.” An Abe advisor says Japan isn’t looking to create its version of Las Vegas or Macau.<\/strong> <\/span><\/p>\nThe Diet’s House of Councilors is rushing to get the integrated resorts bill approved, however, the odds of the lawmakers overhauling its regulatory specifics are thought to be long.<\/p>\n","protected":false},"excerpt":{"rendered":"
Financial analysts have determined that the Japan IR casino bill will prevent the country from reaping the full benefits of authorizing commercial gambling. They issued a stark warning, claiming that the IR casino bill would ultimately inhibit competition and would lead to the formation of monopolies in the country. Prime Minister Shinzo Abe directed his […]<\/p>\n","protected":false},"author":25,"featured_media":81737,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18,61],"tags":[],"acf":[],"yoast_head":"\n
Analysts: Japan IR Casino Bill Creates Monopolies, Hinders Competition<\/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