Integrated casinos in Japan have become the main theme in the last few months. Another level of popularity was provided by the news that, in December, the government will name three zones for IR. In several years, huge gambling resorts will appear, and they will attract millions of tourists every year.
For a long time, the Japanese gambling industry was under the ban. The reasons for it were historical prejudices and the fear of the government that the crime figure and the number of people with ludomania will increase.
Regulators have started talking about the legalisation of the gambling business, including land-based casinos, at the beginning of 00s, and after 2013, this talk was resumed. The approved request of Tokyo for hosting the Summer Olympics in 2020 had a great impact on it.
The law on the integrated casino resorts was adopted by the House of Councillors only in July 2018. According to this document, the country is going to build three casino resorts (IR) and all the related infrastructure.
It means that three large cities will be built, which will create thousands of jobs opportunities and provide the owners of gambling establishments with a decent profit.
Experts in the gambling field take a favourable view of the government’s actions. Several reputable analytical centres have published their forecasts regarding the expected income from the casino sphere.
Who conducted a survey
GGR, in billion dollars
Thus, the opening of casinos in Japan will help the government to generate 7 billion dollars, and it is according to the most pessimistic forecasts. In fact, analysts believe that the profit will be even higher.
The overall profitability in the gambling sector will also increase. The same Fitch Ratings says that in 2025, the figure will reach 20 billion dollars but, in this case, the online business is also taken into account.
Casinos in Japan are considered profitable for several more reasons:
The government confirmed that as on September 2019, eight regions are interested in building IR on their territory.
The list of applicants includes:
Moreover, the authorities are planning to study all the applications in detail, hold interviews with public officials, and, by the end of the year, finally, decide on the receiving party. The choice of the region will be made on the basis of the tender, and only three administrative territories will receive the construction permit.
So far, Tokyo, Osaka, and Yokohama are the most likely candidates for winning. Experts believe that these popular tourist destinations can generate the greatest profit at the earliest possible date.
The desire to invest in IR has already been expressed by several major international companies. Among them, there is the Hong Kong consortium Melco Crown Entertainment, the American brands MGM Resorts and Las Vegas Sands.
Potential investors are now waiting for a decision on the spatial location of casino resorts. The casino gambling area also remains an important aspect. The indicator is 3% of the total resort area, and, according to many businessmen, is not enough. It is still unclear whether passages between sectors, catering facilities, and operating space will be included in the gambling area.
Japanese casino resorts are a promising area for investment. Experts are sure that in just a few years, this Asian market will be able to compete with such industry giants as Macau, Las Vegas, and Singapore. Moreover, the region is available for both large corporations and small and medium enterprises.
Gaminator will help you to open your own business — in Japan, Russia or any other country. We have been working in the international gambling industry for many years, and we know the legislative framework of many countries. That is why we can provide our customers with a decent profit.
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