Ten international casino operators would compete to obtain the gaming license in Japanese city of Tomakomai.
Japan.- Tomakomai city is considered as one of the most popular Japanese regions due to its casino development potential. The city could become host of one of the most expected casino on a worldwide level, once legislators finally approve the comprehensive regulation in the following months.
According to Japanese authorities, ten International gaming and hotel operators have shown interest in developing an integrated resort project in Tomakomai. The city has received several visitors related to casino industry since the beginning of the year. Furthermore, Caesars Entertainment, Galaxy Entertainment, Hard Rock International, and the Clairvest Group of Canada have also visited the city.
Meanwhile, “the municipal authorities are planning to make overseas visits in November to the leading candidate operators, to see for themselves examples of existing IR facilities.” The casino industry in Japan is soon to get finally approved and companies from all over the world are ready to enter the local business. Experts have estimated that the upcoming Japanese casino industry will generate gross gaming revenue (GGR) of US$7 billion per year if it includes two major integrated resorts.
During the current Diet Session, Japanese Congress is set to finally address a comprehensive casino proposal to approve gaming development. Representatives of Liberal Democratic Party and the Komeito party agreed yesterday on discussing casino legislation by the end of the month, when the session is supposed to start.
As legislators are finally discussing the IR Implementation Bill, casino legislation could take effect next year, allowing operators to begin the bidding process. After all requirements are fulfilled, international companies will be able to start the construction phase of the highly expected integrated casino resorts.