Genting Singapore has started to hire a Japanese team to prepare for the bid.
Casino operators worldwide are trying to get the ball rolling in Japan as the country opens up its casino market with the passing of the Integrated Resorts Implementation Bill in July. Singapore’s two casino operators quickly expressed interest in securing a license in what is shaping up to be one of the largest casino markets in the world. Analysts reckoned there is a likely chance that either Genting Singapore, which owns Resorts World Sentosa, or Las Vegas Sands, which owns Marina Bay Sands, will win a license and usher a strong new growth driver in the medium term horizon as both operators face respective headwinds in the Singapore market.
Going head to head
Japanese Prime Minister Shinzo Abe has supported the idea of legalising casinos despite domestic opposition due to the strong tourism draw of integrated resorts, which are comprised of casinos as well as hotels and other entertainment and business facilities. Foreign casino operators reportedly estimated the Japanese casino market could be worth about $15.8b annually when resorts are opened in three cities, which would surpass Nevada’s $11.1b.
UOB Kay Hian analyst Vincent Khoo noted that the two Singapore casino operators are “strong candidates in the integrated resort bidding, given their experience in operating in a highly-regulated casino environment and track record in contributing to the country’s tourism.”
Genting Singapore has started to hire a Japanese team to prepare for the bid, according to OCBC Investment Research, whilst Las Vegas Sands is reportedly putting effort into engaging with local officials, businesses, and community groups in Osaka, widely expected to be chosen as the first major city to host a casino in Japan.
ãã®èšäºã¯ Singapore Business Review ã® October - December 2018 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Singapore Business Review ã® October - December 2018 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã8,500 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Singapore's health data bill mandates regulated information sharing
To ensure data disclosure and sharing, the Ministry of Health can impose up to $1m in fines for non-compliance.
Venture capitalists sharpen focus on targeting startups' profit paths
Deal activity in Asia Pacific fell 26.3% YoY in 2023, reflecting VC firms' caution.
Strategic locations and value-added services drive growth in self-storage sector
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
Why Tim Hortons vies for top spot in Singapore's 'third place' Western coffee scene
Capturing this market is better than competing directly with kopitiams and grab-and-go concepts.
CEO Justin Quek steers OrangeTee to real estate centered around customers
A step toward this commitment is the launch of the consumer-centric event 'Property Festival' in 3Q24.
Retailers are urged to view returns management as loyalty drivers
15% of customers abort a transaction if the return policy is subpar.
National security is put front and center with new Significant Investments Review bill
Legal experts believe cybersecurity and AI entities are likely to be affected by the measure.
Three strategies to mitigate BEPS 2.0's tax impact for MNEs
Should the directive be implemented, selected MNES will be subject to a global minimum tax of 15%.
JustCo debuts first pay-per-minute airport hub for business nomads
The co-working space has around 50 hot desks and nap pods, allowing travellers to 'check-in' at work.
Fr8Labs secures major backing to digitalise Asia's freight sector
Investors are showing strong support for Fr8Labs, a company set on transforming the freight forwarding sector traditionally bogged down by manual processes.