• 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

Japan should consider Las Vegas as benchmark: Tight

May 10, 2018 Newsdesk Japan, Japan Gaming Congress 2018, Latest News  


Japan should consider Las Vegas as benchmark: Tight

A senior executive of U.S.-based casino group Caesars Entertainment Corp says Japan should consider “the Las Vegas model” as a benchmark for the country’s nascent casino industry, given Las Vegas full complement of revenue generators that don’t rely on the casino floor. Steven Tight (pictured in a file photo), Caesars’ president of international development, made the comments during a presentation on Thursday at the Japan Gaming Congress in Tokyo.

“While there are many approaches to develop integrated resorts, Caesars would like to raise considerations – the Las Vegas model – as the most appropriate benchmark for Japan … Las Vegas, as a city that reinvents itself through its non-gaming entertainments, has become the world’s undisputed entertainment capital,” said Mr Tight.

Japanese officials have frequently referred to the “Singapore model” as the template for casino resort implementation and regulation in Japan.

On Thursday, the Caesars executive said additionally that of the total revenue generated in Las Vegas, circa “60-percent” comes from non-gaming. “This we think is consistent with Japanese government’s goal for Japanese entertainment resorts,” he added.

“You can compare that to Singapore, which is also tremendously successful, but there you have just 25 percent of non-gaming revenue. And Macau, also generating tremendous amount of revenue, but they have 90 percent of it from gaming,” the Caesars executive noted, adding that the firm has had “tremendous success” in balancing its gaming and non-gaming businesses.

During his presentation, Mr Tight said that his firm’s goal was to develop a “Japanese entertainment resort” that is “culturally enriching, iconic and inspirational”, as well as one that is family-oriented.

Senior executives of Caesars visited Japan earlier this year as the company plans to bid for a casino licence in the country. In a press briefing in March, Caesars chief executive Mark Frissora announced a commitment of JPY25 million (US$237,074) for responsible gaming initiatives in Japan.

Mr Frissora also discussed the company’s ambitions to work with Japanese officials and local partners to develop a casino resort in Japan. In a March 12 press release, Caesars said it was committed to pursue a licence to develop a casino resort in Yumeshima, Osaka. The Integrated Resort (IR) Implementation Bill – as submitted to Japan’s parliament late last month – proposes an initial cap of three casino resorts nationwide.


  • tweet
Related articles
  • MGM Resorts backs UN initiative on water crisis
    MGM Resorts backs UN initiative on...

    Feb 22, 2023  

  • FBM to debut ‘Asian inspired’ slot link at G2E Las Vegas
    FBM to debut ‘Asian inspired’ slot...

    Oct 06, 2022  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us