cancel the Yokohama City integrated resort bid process<\/a>. <\/p>\n\n\n\n“The company is not currently pursuing a bid to develop an integrated resort project in Osaka or in Japan.” <\/p>\n\n\n\n
Genting Singapore had entered into a partnership with Sega Sammy<\/strong> for its bid for an IR in Yokohama. It had estimated that the project would generate gross gaming revenue (GGR)<\/strong> of nearly US$7bn a year and US$2.7bn in net profit<\/strong>. The plans were cancelled after an anti-IR candidate won mayoral elections in Yokohama.<\/p>\n","protected":false},"excerpt":{"rendered":"The company has clarified that it has no current plans for Japan.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Singapore has clarified it has no current plans to develop an integrated resort (IR) in Japan, including Osaka, following the cancellation of its previous bid in Yokohama City due due to political changes. The company had partnered with Sega Sammy for the Yokohama project, which was projected to generate US$7bn in GGR and US$2.7bn in net profit annually.","focusai_entities":"Genting Singapore, Sega Sammy, Japanese government","focusai_location":"Japan, Singapore, Osaka, Yokohama City","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Japan IR Market Impact","query":"How does Genting Singapore's definitive withdrawal from the Japan IR market alter the competitive landscape and investment attractiveness for other prospective operators?"},{"label":"Genting Capital Reallocation","query":"What are Genting Singapore's revised capital allocation strategies and target markets following the discontinuation of its significant Japan IR development plans?"}],"footnotes":""},"categories":[157,16333],"tags":[23687],"class_list":["post-777004290","post","type-post","status-publish","format-standard","hentry","category-business-news","category-south-east-asia-news","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004290","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004290"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004290\/revisions"}],"predecessor-version":[{"id":777004299,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004290\/revisions\/777004299"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}