GGRAsia – Japan

Japan

Wynn drops Osaka interest, turns to Tokyo’s Kanto region

Oct 14, 2019 Newsdesk Japan, Latest News, Top of the deck

Wynn Resorts Ltd has confirmed in a statement emailed to GGRAsia that it will no longer vie to be chosen as a private-sector partner for a casino resort bid in the Japanese city and prefecture of...

Brokerage ups Universal Ent forecast due to Okada Manila

Oct 14, 2019 Newsdesk Japan, Latest News, Philippines, Top of the deck

Brokerage Union Gaming Securities LLC says it is revising upward its estimates for third-quarter 2019 earnings at Japanese gaming conglomerate Universal Entertainment Corp, due to good numbers from...

Ainsworth non-exec director in new role at Spectrum Asia

Oct 09, 2019 Newsdesk Japan, Latest News, Top of the deck, World

Spectrum Gaming Group LLC, a United States-founded consultancy to the casino industry, says it is expanding its Asian operation in response to market developments, including Japan’s decision to...

GEN Singapore plans US$3.2bln in yen bonds for Japan

Sep 30, 2019 Newsdesk Japan, Latest News, Singapore, Top of the deck

Casino investor Genting Singapore Ltd plans to issue Japanese yen-denominated bonds up to a value of JPY350 billion (US$3.2 billion) for “working capital and general corporate purposes in Japan”,...

Nagasaki sets top end of IR spend guideline at US$5.1bln

Sep 30, 2019 Newsdesk Japan, Latest News, Top of the deck

Nagasaki prefecture has set the upper end of its guideline for capital cost of a casino resort on its patch at JPY550 billion (US$5.1 billion), according to information collated by GGRAsia’s Japan...

Nagasaki officials say to launch RFC process Oct 1

Sep 27, 2019 Newsdesk Japan, Latest News, Top of the deck

Japan’s Nagasaki prefecture is aiming to launch on October 1 a request-for-concept (RFC) phase for commercial partners interested in running a casino resort locally, confirmed officials from the...

MGM Resorts could start Osaka build in 2021: Bernstein

Sep 27, 2019 Newsdesk Japan, Latest News, Top of the deck

United States-based MGM Resorts International estimates it could start work on building a casino resort in Osaka, Japan, in 2021 and complete it by 2025. That is assuming the group were selected as...

Eight Japan places interested to host a casino: minister

Sep 25, 2019 Newsdesk Japan, Latest News, Top of the deck

Eight places in Japan are definitely considering seeking national government permission to host casino resorts, according to comments by Kazuyoshi Akaba, Japan’s Minister of Land,...

MGM strong chance as Osaka casino bid partner: analyst

Sep 23, 2019 Newsdesk Japan, Latest News, Top of the deck

A consortium containing United States-based casino operator MGM Resorts International and Japan’s Orix Corp is likely now to be a front-runner for selection as private-sector partner to...

Japan 10 yr casino permit obstacle for bank finance: Fitch

Sep 19, 2019 Newsdesk Japan, Latest News, Top of the deck

Japan’s requirement that any casino operating licences issued in that country be subject to a renewal process every 10 years is the “biggest obstacle to securing bank financing” for schemes...