As Macau moves toward its 2022 re-tendering process for its six IR concessionaires, "stability" will likely the watchword for the government policy, according to the analysis of Glenn McCartney, associate professor of international IR management at the University of Macau.
The Abe government is pulling back from the planned July 1 establishment of the Casino Management Board and the issuance of more specific IR bidding regulations out of concern that Japanese public opinion remains hostile to the legalization of casino gambling.
MGM Resorts has abandoned talks with Wynn Resorts over the sale of its US$2.6 billion Encore Boston Harbor casino, according to an announcement on Tuesday night.
On May 15, pachinko operator Niraku, which runs 53 halls mainly within Fukushima Prefecture, held a free educational seminar on combating gambling addiction. The seminar was held concurrently with Japan's Gambling Addiction Awareness Week (May 14-May 20), with 49 people in attendance.
SJM Holdings Chair and Executive Director Daisy Ho gave the opening address at the G2E Asia gaming show on Tuesday, predicting a bright future for Macau as an integral part of China’s Greater Bay Area plan.
Other Asian nations such as Macau, Singapore, and even South Korea have little to fear from the opening of the three Japanese IRs in the middle of next decade, according to a panel of experts speaking on the first day of the G2E Asia conference in Macau.