• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GEN Singapore favoured for casino licence in Japan: Maybank

Jul 24, 2018 Newsdesk Japan, Latest News, Singapore, Top of the deck  


GEN Singapore favoured for casino licence in Japan: Maybank

Casino operator Genting Singapore Ltd is among the frontrunners for a licence to run a casino in Japan, according to brokerage Maybank Kim Eng. In a note published on Sunday, the Malaysian investment house said Genting Singapore “stands a good chance to win a licence thanks to its responsible gaming experience and solid net cash position”.

The brokerage said Japanese lawmakers have made repeated references to the social safeguards in place at Singapore’s casino resorts. Singaporean patrons there must pay an entry fee and have limit on the number of visits. Genting Singapore, which runs Resorts World Sentosa, has cash reserves in excess of SGD3 billion (US$2.2 billion) to finance any Japanese development, wrote Maybank analyst Samuel Yin Shao Yang. The brokerage said this places Genting Singapore at an advantage.

Late on Friday night, the Japanese parliament passed the second of two pieces of legislation that will lead to the establishment of a domestic casino industry. Maybank expects the Japanese government to seek out bids from operators as soon as next year, to issue the first casino licences in 2020 and gaming companies opening the first casino resorts in 2025.

But the bank says many questions about the advent of casinos in Japan have yet to be answered, including the questions of where casino resorts will be built, how much the developers will have to invest in them, whether foreign gaming companies will be permitted to own them in their entirely and whether Macau-style junkets will be permitted to operate in the country.

The brokerage said the highlights of the Japanese gaming framework include a cap on casino floor area of 3 percent of the total area, a casino tax rate set at 30 percent of gross gaming revenue (GGR), and a JPY6,000 (US$54) entry fee for Japan’s nationals and residents, paired with a monthly cap on their patronage.

Gaming industry commentators have forecast that Japanese casino GGR will fall in a range between US$6 billion and US$40 billion annually, according to Maybank’s note. By comparison, Macau’s GGR for the 2017 calendar year was MOP265.74 billion (US$33.02 billion) and Singapore’s was US$4.6 billion.


  • tweet
Related articles
  • Singapore 2023 visits may double from 6.3mln 2022: govt
    Singapore 2023 visits may double from...

    Jan 17, 2023  

  • MGM equity input for Japan IR may reach US$2.5bln: S&P
    MGM equity input for Japan IR may reach...

    Jan 17, 2023  

More news
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM
    Macau CNY mass GGR maybe 60pct plus of...

    Jan 31, 2023  

  • Pagcor 2022 income up 66pct y-o-y, tops US$1bln
    Pagcor 2022 income up 66pct y-o-y, tops...

    Jan 31, 2023  


Latest News

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

Jan 31, 2023  

Macau mass-market casino gross gaming revenue (GGR) for the recent Chinese New Year (CNY) holidays could have recovered to at least 60 percent of that for the 2019 break, when the festivities were in...
Read More
Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Jan 31, 2023  

Junket boss Levo Chan heard okaying illicit bets: court

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.08 billion

Total income for 2022 reported by the Philippine Amusement and Gaming Corp



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Junket boss Levo Chan heard okaying illicit bets: courtJunket boss Levo Chan heard okaying illicit bets: court January 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us