Wednesday, November 20, 2019
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Michael

2315 ARTICLES

Osaka’s IR Plans Lose Some of Their Sparkle

From last November, when Osaka won its bid to host the 2025 World Expo, until August of this year, when Yokohama announced that it was entering the race, Osaka Yumeshima was looking like it would become host to the grandest and most successful IR in Japan.

Japanese Public Left Behind in IR Race

The race to gain one of the three available IR licenses is advancing into the decisive stage, with Japanese local governments and international IR operators eagerly lining up for approval. However, the Japanese general public remains broadly on the sidelines, not waiting in anticipation, but rather sullenly watching developments they don’t approve of.

Yokohama Chamber of Commerce Launches Pro-IR Organization

Having telegraphed its intention to do so since March, the Yokohama Chamber of Commerce & Industry has finally launched its pro-IR organization, dubbed the “Yokohama IR Promotion Association.”

Mass Market Casino Revenues Eclipsing VIP

VIP as a percentage of casino revenues in Macau is expected to go down to as low as 34% by 2022 as the mass market becomes more dominant, according to estimates from Bernstein Research analysts.

Tokyo Mulls IR Development in Odaiba Aomi Area

The Tokyo Metropolitan Government has announced a series of consultations with private companies over its tentatively-named “Tokyo Bay Area Vision,” which explicitly includes the possibility of an IR bid for the Aomi area of Odaiba.

Sega Sammy Sees 3.2% Decline in Net Sales in April-September 2019 Period

Sega Sammy Holdings has recorded its net sales in the April-September 2019 six-month period at nearly 166 billion yen (about US$1.5 billion), which represents a 3.2% year-on-year decline.

More Than Half of the World’s Gaming Machines in Japan

The number legally installed gaming machines worldwide in 2018 is estimated at 7,402,395, with Japan taking the lion’s share at over 58%.

Konami Gaming Division Revenue Gaining Ground

Konami Holdings reported a 0.9% decline in revenue for the six month period of April to September 2019, despite a strong performance from its gaming and systems division.

Melco Reports 16% Gain in July-September 2019 Period

Melco Resorts & Entertainment reported a 16% gain in the July-September 2019 period helped by a strong performance at City of Dreams Macau and record results in the mass market and slots segments.

MGM China Gains 22% on Cotai Growth in July-September 2019 Period

The addition of 25 new-to-market VIP tables at MGM Cotai helped to spur revenue growth at MGM China, though the mass market is seen as the prime growth opportunity going forward.

Trending Articles

IR Market Projections May Be Too Rosy

While many industry analysts continue to assume that either Tokyo or Yokohama will pursue an IR bid, the political realities of Japanese local communities seem to indicate otherwise.

PRIME Philippines in Talks for Davao Casino

PRIME Philippines says it’s in talks with Davao City Investment Promotion Center for a hotel and casino in the area, local media reports.

Genting Bids for Andorra’s First Casino License

Genting, through its UK unit, is one of thirteen bidders for the first casino license in the principality of Andorra in the Pyrenees, Spanish media reports.

Iwanuma Struggles to Find Pro-IR Mayoral Candidate

Since the Iwanuma City Council passed a resolution last June to launch a feasibility study for an IR bid, little progress has been made. With mayoral elections approaching in about two weeks, there is no candidate yet to represent the pro-IR position.

Tourism Trends Offer Good News for Regional IRs

There may only be one or two IRs established in the smaller, regional areas of Japan in the 2020s, but current trends in the tourism industry offer them an encouraging outlook.