online casino poker tournaments”“If they were going to invest B-B to construct an integrated resort in the market, trying to get a mid-to-upper teens return off of that investment given some of the rumored restrictions the Japanese government wanted to place over their gaming industry probably made making a decent return impossible.“This scares us now, because we believe there are other gaming companies that are so ‘pot committed’ on winning a Japanese gaming license and will proceed with the process, even though the ultimate return could be disappointing,” said the analyst.nugget casino reno poolLeader Out of the RaceNews of Sands’ departure from the Japan IR competition is all the more surprising when considering the company’s status as one of the frontrunners.But the long-running estimate is that it will cost an operator a minimum of billion and perhaps as much as billion to build a single, high-end gaming property in Japan.But Wieczynski thinks LVS’s departure is a sign that the numbers there aren’t going to work, and that operators dead set on doing business in the Land of the Rising Sun will eventually be disappointed.is sloto cash casino legit

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seneca niagara casino ron white“The good news for LVS is that most investors/analyblack hawk casino costs did not have any contribution from Japan embedded in out-year estimates or valuation framework at this time,” said Wieczynski.No Skin Off Sands’ BackForecasts call for Japan to eventually become the world’s second-largest gaming market by revenue, behind only Macau, confirming that licenses there remain sought-after despite Sands’ withdrawal from the competition.mulling investments in the world’s third-largest economy.chumba casino zendesk”mulling investments in the world’s third-largest economy.Now, there’s chatter that at those price points, operators’ return on investment goals of mid-to-upper teens percentages are difficult, if not impossible, to meet.online casino jobs south africa

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online casino zodiacBut Wieczynski thinks LVS’s departure is a sign that the numbers there aren’t going to work, and that operators dead set on doing business in the Land of the Rising Sun will eventually be disappointed.”On a quarterly earnings conference call last October, Sands COO Rob Goldstein said a Japan projecblack hawk casino cot could cost billion to billion, with CFO Patrick Dumont saying those numbers could be “light.Wieczynski didn’t identify specific Japan bidders that fit that bill, but some are long committed to particular cities.Las Vegas Sands CEO Sheldon Adelson, seen here in 2012, says his company is pulling out of the Japan gaming process.As for the Venetian operator, there’s nothing lost here, because Adelson’s company can save cash for other opportunities, including either individual property purchases or acquisition of a rival.“Pot committed” is a poker term referring to the point at which a player has invested so much in a hand that he or she is all but forced to see it through to the end rather than folding.hard rock casino hotel atlantic city