• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • 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
  • GEN Singapore faulty vote on chairman incentive award
    GEN Singapore faulty vote on chairman...

    Apr 16, 2021  

  • Macau casino 1Q EBITDA softer sequentially: MS
    Macau casino 1Q EBITDA softer...

    Apr 12, 2021  

More news
  • April pax tally to rise 26pct m-o-m says Macau airport op
    April pax tally to rise 26pct m-o-m...

    Apr 19, 2021  

  • Two-day Japan IR Forum online event begins on Weds
    Two-day Japan IR Forum online event...

    Apr 19, 2021  


Latest News

April pax tally to rise 26pct m-o-m says Macau airport op

April pax tally to rise 26pct m-o-m says Macau airport op

Apr 19, 2021  

Macau’s airport expects a circa 26-percent-higher volume of passenger movements in April compared to March, according to information it provided to GGRAsia. Macau International Airport Co Ltd,...
Read More
Two-day Japan IR Forum online event begins on Weds

Two-day Japan IR Forum online event begins on Weds

Apr 19, 2021  

Talks on NagaWorld lay-offs amid pandemic: source

Talks on NagaWorld lay-offs amid pandemic: source

Apr 19, 2021  

Oaktree offers US$$2.3bln for Crown to buy out Packer

Oaktree offers US$$2.3bln for Crown to buy out Packer

Apr 19, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.14 billion

Macau’s total VIP gross gaming revenue in the first quarter of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us