{"id":448,"date":"2019-10-28T11:55:46","date_gmt":"2019-10-28T11:55:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=448"},"modified":"2026-04-24T10:15:43","modified_gmt":"2026-04-24T13:15:43","slug":"galaxy-entertainment-to-focus-in-multiple-japan-ir-bids","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-to-focus-in-multiple-japan-ir-bids","title":{"rendered":"Galaxy Entertainment to focus in multiple Japan IR bids"},"content":{"rendered":"\n<p>Galaxy Entertainment Group will continue to adopt a multi-regional approach in its pursuit of a Japan IR license, focusing on both Osaka and the Kanto region. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- On a press\nconference in Osaka ahead of the IR Gaming Expo 2019, Galaxy confirmed it won\u2019t\nlimit itself to one single city or prefecture and will continue to keep an eye\non the RFP schedules and specifics from the national and regional governments.<\/p>\n\n\n\n<p>Furthermore, the company pointed to its strong cash flow as a major advantage it holds over many of its Japan IR rivals, including net profit of \u20ac1,6 billion in 2018, alongside Adjusted EBITDA of approximately \u20ac2 billion and also a 19% EBITDA growth. <\/p>\n\n\n\n<p><em><strong>Galaxy<\/strong><\/em> is in a unique position to developing more than one Japanese IR. \u201cThe likelihood is low but I would love to be in two cities,\u201d Chief Operating Officer Japan, Ted Chan. \u201cWe are the fastest growing IR operator. We are confident that we can build a high-quality facility that will meet the needs of the Japanese government.\u201d<\/p>\n\n\n\n<p>However, Galaxy clarified that\nis primarily focus is still on bigger cities, in order to meet the Japanese\ngovernment\u2019s stated target of doubling inbound tourism to 60 million annual\nvisitor arrivals by the 2030s.<\/p>\n\n\n\n<p>Lastly, Galaxy said they would consider the idea of potentially to contribute \u20ac165,6 million to <a href=\"https:\/\/focusgn.com\/galaxy-osaka-ir-casino-gaming\"><em><strong>extend Osaka\u2019s subway system<\/strong><\/em><\/a> to Yumeshima island, the planned site for the city\u2019s IR development. However, Osaka\u2019s goal of opening an IR by 2024 is definitely less enthusiastic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Entertainment Group will continue to adopt a multi-regional approach in its pursuit of a Japan IR license, focusing on both Osaka and the Kanto region.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Galaxy Entertainment Group is pursuing a multi-regional strategy for a Japan Integrated Resort (IR) license, targeting both Osaka and the Kanto region, leveraging its robust financial position with \u20ac1.6 billion net profit and \u20ac2 billion Adjusted EBITDA in 2018. The company emphasizes its capability to develop high-quality facilities aligned with Japan's tourism objectives and is considering a \u20ac165.6 million contribution to Osaka's subway extension to Yumeshima island.","focusai_entities":"Galaxy Entertainment Group, Ted Chan","focusai_location":"Japan, Osaka, Kanto region, Yumeshima island","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Japan IR timeline","query":"Given Osaka's less enthusiastic 2024 IR opening goal, how might this impact Galaxy's capital deployment schedule and overall project ROI projections for the region?"},{"label":"Multi-region strategy viability","query":"What specific governance frameworks and operational synergies would Galaxy Entertainment Group implement to manage the complexities of potentially developing and operating two distinct IRs in Japan?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,1263,473,470,707],"class_list":["post-448","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-galaxy","tag-ir","tag-japan","tag-osaka"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=448"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/448\/revisions"}],"predecessor-version":[{"id":777009768,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/448\/revisions\/777009768"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}