The Future of Japanese Casinos

It may take a few years yet, but anyone interested in the future of gambling needs to keep an eye on Japanese casinos in particular. There’s a lot of progress being made to build integrated resorts in the country, and the Japanese government recently nominated five members to form a Casino Management Committee. One of the reasons why gambling is being discussed so widely is because of the high growth in online gambling casinos. You can take a look bestonlinecasinooffers.net to find the best online gambling websites. These online casinos are highly popular because they provide an engaging and realistic gambling experience. Expectations have been tempered somewhat following comments from American casino operators. Comments from people such as Rob Goldstein, the COO of Las Vegas Sands, have killed some of that buzz.

Goldstein’s Remarks

Goldstein remarked that casino operators must carefully consider if they can really deploy in Japan and get the returns they expect. Las Vegas Sands have already had similar discussions with the Japanese government about these concerns and are yet to make a full decision.

Maddox Weighs In

Goldstein’s comments were mirrored by those of the CEO of Wynn Resorts Matt Maddox. Maddox said that his company plans on going after the Japanese market, but only if it would make financial sense to do so. He believes that it will, but that it could still take a bit longer than some expect.

"We’re going to be very disciplined in terms of how any structure is put together, what the costs are going to be and what the return profile is going to be,” he said.

Shift in Attitudes

Their concerns seem to be very common-sense for the most part. This looks like it could be companies being pragmatic and sensible. No one would want to invest in Japan if doing so would be a guaranteed loss.With that said, these messages still represent a shift in attitudes and clearer support for integrated resorts in the country. Even though some operators are being reserved, other operators - such as MGM Resorts International - are being more headstrong in their approach.

Casino Licences

MGM, Genting, and Galaxy Entertainment are said to be the key three candidates seeking a casino license to build a casino in Osaka. It’s interesting that these operators have made no such comments about preaching patience and taking things slowly. Could it be that the firms that aren’t likely to get the license are trying to be more contained? If it isn’t expected that you’ll attain your goals, then it wouldn’t make sense to pique interest from investors only for shares to drop when you don’t reach those goals. Wynn and Sands are taking a failsafe approach to the situation. If they don’t get the license then it wouldn’t hamper them much, but there would be positive responses if they were able to obtain a casino license for another Japanese location, such as Yokohama. Instead of waiting for physical casinos, you can find the best online gambling websites on bestonlinecasinooffers.net.

Closing Thoughts

Overall though, there’s definitely been a change in the narrative for the Japanese gambling industry. Executives have gone from endlessly singing the praises of the market to focusing more on the costs of entering the market. Some of them are even pulling out of the race for an Osaka casino entirely. This change has been brought about by the operators who weren’t all that sure about entering the market anyway. It’s clear that Japan isn’t going to be for everyone with only three potential integrated resort licenses up for grabs. This change in narrative doesn’t mean there’s been a change in attitude however. There’s still a lot of promise to the Japanese gambling market and the next few years are sure to be interesting.