blackjack in casino gamesCasino operator Melco Resorts announced today that it is vacating efforts to win licensure in Osaka, Japan, and is instead committing its energies to building an integrated resort (IR) in Yokohama.”Mimicking MGM Resorts’ “Osaka Firstcliff castle casino arizona” policy, Melco announced its own “Yokohama First” strategy.With its announcement this week, Melco says it will no longer participate in a request for proposals (RFP) in any city other than Yokohama.the harrah s casinoIn better news for operators eyeing Japan, Fitch analysts see significantly higher gross gaming revenue (GGR) opportunities following their recent visit.Good News, Bad News“Other renewal/political issues include a re-approval procedure imposed by tcliff castle casino arizonahe federal government every 10 years, and the local government’s option to close operations if they are deemed not in the locality’s best interest,” according to Fitch.That’s well above the billion to billion Wynn Resorts recently said it would spend to build the world’s largest casino in Japan.captain jack gambling machine

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brian christopher slots latest group pull“We assume about 6,000 slots and 700 tables at each at the major resorts, with win/unit/day similar to that of Marina Bay Sands (2 for slots and ,563 for tables in 2018).In fact, Fitch uses the Marina Bay Sands in Singapore as the baseline for its billion GGR estimate for Japan.With its announcement this week, Melco says it will no longer participate in a request for proposals (RFP) in any city other than Yokohama.is borgata casino open“Japan’s gaming law presents several facets of risk, including political risk; notably, the local government (including the legislative branch) must actively seek renewal every 10 years.”An every 10 years renewal process doesn’t jibe with what operators encounter in other Asian markets.“The city’s convenient location, communication links, vibrancy and pioneering spirit make it an ideal candidate for a large-scale development designed specifically for premium international tourists.hack cashman casino

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santa ana casino drive thru lightsBefore a recent trip to the Land of the Rising Sun, Fitch analysts estimated a Japanese integrated resort would require an investment of at least billion.Analysts from the research firm said they interviewed local sources and that there will be “workarounds” for these concerns, including local governments indemnifying against a closure that is not the fault of a gaming company.For example, Las Vegas Sands opened its first Macau casino in mid-2004, and won’t have to renew any of its licenses there until 2022.InspirationWhile Macau would appear to be the Asian market Japan would draw inspiration from for its upcoming integrated resort effort, Singapore may be the more relevant comparison.In fact, Fitch uses the Marina Bay Sands in Singapore as the baseline for its billion GGR estimate for Japan.Good News, Bad News“Other renewal/political issues include a re-approval procedure imposed by tcliff castle casino arizonahe federal government every 10 years, and the local government’s option to close operations if they are deemed not in the locality’s best interest,” according to Fitch.sycuan casino pool