GGRAsia – Japan

Japan

Wakayama delays IR plan news, still wants locals barred

Oct 13, 2017 Newsdesk Japan, Latest News, Top of the deck

The government of Wakayama prefecture in Japan has told GGRAsia it is postponing until March an announcement about its plans for a so-called integrated resort (IR). Local governments in Japan have...

Melco Resorts ups Japan ties ahead of likely casino bid

Oct 12, 2017 Newsdesk Japan, Latest News, Top of the deck

Asian casino operator Melco Resorts and Entertainment Ltd appears to be stepping up its efforts to integrate into Japan’s business and tourism sectors as it pursues a gaming licence in that nation....

Yokohama cruise project puts city in casino frame: Nomura

Oct 10, 2017 Newsdesk Japan, Latest News, Top of the deck

Banking group Nomura thinks the Japanese cities of Yokohama (pictured) and Osaka are “prime” targets for construction of casino resorts. The Japanese institution noted that Nomura Real Estate...

JCM eyes new markets, to release new products: president

Oct 09, 2017 Newsdesk Japan, Latest News, Top of the deck

Japan Cash Machine Co Ltd (JCM), also known as JCM Global, is aiming to boost market share in the markets where it already operates and expand into new markets, says the group’s president...

Caesars’ CEO flags new growth on bankruptcy exit

Oct 09, 2017 Newsdesk Japan, Latest News, Top of the deck, World

The final steps in the exit from bankruptcy of U.S.-based casino firm Caesars Entertainment Operating Co Inc (CEOC) were announced on Friday, with the parent suggesting it would signal a new phase of...

GEN Singapore yen bonds for ‘Japan capital’

Oct 02, 2017 Newsdesk Japan, Latest News, Top of the deck

Singapore casino operator Genting Singapore Plc announced on Monday that it had applied that day to offer Japanese-yen denominated bonds in Japan “for working capital and general corporate purposes...

Japan casinos likely big earners but capex high: Fitch

Sep 29, 2017 Newsdesk Japan, Latest News, Top of the deck

A Japanese casino market could generate annual gross gaming revenues of between US$6 billion and US$9 billion, depending on the number of permits, and the “physical footprint” of the venues,...

Abe snap poll likely pushes Japan casino bill to 2018

Sep 25, 2017 Newsdesk Japan, Latest News, Top of the deck

Japan is to have a snap general election in late October, reported on Monday afternoon several international media outlets. At a press conference that day, Prime Minister Shinzo Abe (pictured)...

Universal Ent sues Okada firm, claiming patent breach

Sep 25, 2017 Newsdesk Japan, Latest News, Top of the deck

Japanese gaming conglomerate Universal Entertainment Corp says it is suing a firm linked to its founder and former chairman Kazuo Okada in Tokyo District Court in Japan for JPY100 million...

Locals curbs would dent Japan casino biz: Morningstar

Sep 22, 2017 Newsdesk Japan, Latest News, Top of the deck

The commercial success of any Japanese casino resorts would in likelihood depend on local demand for gaming, says a Thursday note from investment research firm Morningstar Inc. “Stringent curbs...