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Michael

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Covid-19 Lockdowns a Watershed Moment for Internet Gambling

A gradual shift from brick & mortar facilities to desktop and mobile devices has already been underway in recent decades, but one likely consequence of the Covid-19 lockdowns—in Japan and across the world—is that the older generations, who have been reluctant to embrace digitization, are now being forced to do so, and this is true of the Asian gambling industry as well.

IR Policy Delay Now Close to Inevitable

Putting aside the question of whether or not Japan’s IR development will eventually proceed along the current policy lines or not, developments in the past weeks have made it increasing difficult to believe that the timeline will be maintained as currently planned.

Coronavirus, Tokyo Olympics Threat May Unravel IR Plans

This culminating situation in Japan is shaping up to be a perfect storm to foil Prime Minister Shinzo Abe’s going-away party.

The Kabuki of the Japan Integrated Resorts Race

The long and winding Japanese Integrated Resort story resembles a daytime soap opera. At the rate the plot has been plodding along, It won’t be a surprise if it gives NBC’s Days of Our Lives a run for the money in terms of longevity.

Would Japan’s IR Policy Survive the Fall of Shinzo Abe?

Since the passage of the IR Implementation Act in July 2018, the question of whether or not the nation would really move forward with its IR development policy seemed to be definitely settled in the affirmative. However, a series of rather unlikely events in recent months may have reopened the possibility—even if a somewhat remote one—that Japan’s entire pro-IR policy could yet entirely collapse.

“Synergy” is the Keyword for Wakayama’s IR Bid

For many observers, Wakayama Prefecture’s bid to gain one of the three available IR licenses has looked like a long-shot, most of all because of the geography that places it so near the anticipated Osaka Yumeshima development.

Osaka May Be Ripe for an IR Rethink

At many points in the IR development process it seemed that Osaka’s leaders were running the most masterful campaign to gain one of the three available licenses, but it may now be time for Mayor Ichiro Matsui and Governor Hirofumi Yoshimura to step back, take a breath, and look at the situation with fresh eyes.

Akimoto Out of Detention, But Many Unanswered Questions Remain

As with most of the other major political scandals in the Shinzo Abe era, the final chapter does not seem to conclude with an unraveling of the mysteries, with lessons learned, and then the beginning of reforms, but rather with the investigations grinding to a halt before they reveal the full truth, with logical progressions left hanging, and with the government carrying on as if nothing were amiss.

A Conversation with Nagasaki Vice-Governor Ken Hirata

AGB Nippon recently sat down for an exclusive interview with Nagasaki Vice-Governor Ken Hirata, who gave us the low-down on one of the best prepared local government IR candidacies, touching on a variety of issues of national significance.

Asian Casino Industry Battered by Wuhan Coronavirus

Had the three Japanese IRs already been open for business, the crisis over the spread of the Wuhan Coronavirus would have been very bad news for the industry, and Japanese gaming industry managers would now be grappling with most of the same difficulties facing Macau, Singapore, and the rest of Asia.

Trending Articles

Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.

Casino Entry Fee Remains Point of Contention

Japan’s proposed anti-addiction measures are viewed as generally “well-balanced,” though a lowering of the casino entry fee should be considered, said experts at the Japan Gaming Congress on Friday.

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.