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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.
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.
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.”
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.
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%.
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.
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.