Caesars Entertainment No Longer Interested in Japan

One of the biggest US casino companies has announced that it’s no longer pursuing a casino in Japan. It’s surprising news, as Japan is expected to become one of the most lucrative casino markets in the world. The company claims that it is focused on expanding in the United States. Caesars Entertainment Logo

It makes sense for Caesars to focus on the US market. Now is the perfect time to look at why this company is staying out of Japan. We’ll also talk about which companies are still in the running for a casino license in this country.

Caesars Entertainment Set to Merge With Eldorado Resorts

Not long ago, Eldorado Resorts announced that it purchased Caesars Entertainment for $17 billion. It’s the largest merge ever made in the gambling industry. Eldorado will be taking control of Caesars’ properties around the world.

Many steps still need to be taken before this merger can be completed. Several state gambling regulators are getting involved to ensure that everything is done by the book. The SEC must also approve of the deal before the companies can officially combine.

Caesars is rumored to sell some of its properties before the deal is complete, as well. According to numerous reports, the company will put some of its Las Vegas Strip properties for sale. Several companies have already expressed interest in buying one of these Strip hotel-casinos.

Hope is that this deal is done by the end of 2020.

When Japan legalized casinos in July of 2018, Caesars announced that it was interested in opening a resort there. Now, the company is taking a turn. Officials at Caesars Entertainment claim they are no longer pursuing a Japanese casino license.

Caesars Removes Itself From Japanese Casino License Running

As we mentioned at the top of this page, Japan is expected to become one of the most lucrative casino markets in the world. Many of the top US casino companies are pushing to obtain a license here. Interestingly, Caesars is no longer one of them.

This company released a statement on Wednesday that explains their decision to stay outside of Japan. Brendan Bussmann, a partner at Global Market Advisors, gave his take on the news.

“Considering the current talk of the (Eldorado) merger, it’s not surprising,” he said. “To see a large American brand that has a global presence, that has a good shot of landing the license bow out, it’s disappointing … It’s a missed opportunity.”

Caesars is focusing entirely on its merge with Eldorado Resorts. The company needs to ensure that everything is prepared before this deal can go through. Of course, it’s still somewhat disappointing to see the company choosing not to enter Japan.

Other US casino companies have to be pleased. It’s still anyone’s guess which of these companies will be granted a license to operate here. Let’s look at which gaming companies are still working to enter the Japanese casino market.

Several Companies Still Looking to Enter Japan

Most gambling analysts predict that Japan will become one of the biggest casino destinations in the world. Only three integrated resorts will open here. Several cities including Osaka, Yokohama, and Tokyo are bidding for their rights to host one of these casino-resorts.

MGM Resorts International, Las Vegas Sands, and Wynn Resorts have all stated their intentions to open a Japanese casino. In order to obtain a gaming license here, these companies must receive approval from the government. No companies have been granted one of these licenses yet.

Las Vegas Sands seems the most likely to obtain one of these licenses. LVS has deep roots in Japan and has a proven track record of operating casinos overseas. This company already runs a highly successful casino-resort in Macau.

MGM Resorts International is also very likely to receive a Japanese casino license. This company secured a sponsorship with the MLB during the opening games in Tokyo. It’s already a well-known brand in Japan and also has shown that it can operate gaming venues outside of the United States.

Caesars Entertainment is no longer pursuing a casino in Japan. We’ll need to wait and see which of the companies we just mentioned obtain a license to operate here. Stay tuned for more updates over the next few months!

Las Vegas Sands No Longer Interested in Osaka Casino

Most of the top US casino companies are pushing hard to open a casino-resort in Japan. For months, many of these companies have expressed interest in launching a casino in Osaka. In an unexpected turn of events, Las Vegas Sands has announced that it’s no longer interested in this city.

Osaka Japan Street View

Japan is expected to be one of the most lucrative new casino markets in the world. Now is a great time to look at why so many companies are working to operate here. We’ll also talk about the Sands’ decision to stay out of Osaka.

Japan Expected to be the World’s Next Major Casino Market

Historically speaking, Japan has been fiercely against the gambling industry. For decades, the only real form of wagering allowed here was Mahjong. Traditional casino-style gaming was strictly prohibited.

This includes online gambling, as well. Japanese lawmakers have cracked down on the internet gambling industry. The government blocks all foreign gambling sites from operating in the country. Anyone caught gambling over the internet here faces heavy fines and potential jail time.

Fortunately, the government is changing its stance on land-based casino gambling. In July of 2018, lawmakers in this country approved a bill to allow three “integrated resorts” to open. The casinos here must include a wide range of non-gambling amenities for guests. Before any casinos can open, cities in Japan must bid for the right to host one.

Several cities have already expressed interest in having a casino. Tokyo, Yokohama, and Osaka are three of the top choices right now. Interestingly, Las Vegas Sands is claiming that it’s no longer interested in launching a casino in Osaka.

Las Vegas Sands is Staying Away From Osaka

Osaka has been at the top of many gaming operators lists when it comes to potential casino sites. Officials here have announced that they will officially bid for casino hosting rights. Many companies, including MGM Resorts International and Wynn Resorts, have expressed interest in launching a new integrated resort here.

Las Vegas Sands is now choosing to avoid this city. Instead, the company will focus on other cities including Yokohama and Tokyo. It’s an interesting development, as the Sands was one of the first companies that pushed for a launch in Osaka.

CEO Sheldon Adelson gave a quick statement to the media about the switch. According to the Las Vegas Sands official, other cities offer more lucrative opportunities for the company.

Adelson claims that his company wants to “target new development opportunities that allow us to maintain our industry-leading returns on invested capital — and we think an investment in Tokyo or Yokohama gives us the best opportunity to do exactly that.”

Las Vegas Sands has engaged in talks with Osaka politicians for years. It’s a major surprise to see this company deciding to change its tune. Is Yokohama the main target now?

Yokohama Announced Bid to Host Japanese Casino

Yokohama is the second-most populous city in Japan. For months, politicians in this city maintained that they were not interested in opening a casino. Many residents here feared that opening a casino would increase crime and gambling addiction.

City officials are now backtracking. This week, Mayor Fukimo Hayashi announced that the city is officially asking for the government’s permission to open a casino.

“I’ve come to the conclusion that in order to achieve growth and development, we need [an] IR,” she said. 

Las Vegas Sands isn’t the only company now pushing to open a casino in Yokohama. MGM Resorts and Wynn Resorts are now looking at this city as a potential casino location, as well.

As we mentioned earlier, only three casino licenses will be handed out here. Revenue from the casino industry is expected to total $20 billion a year. Some now believe that in time, Japan could overtake Macau as Asia’s top gambling destination.

There’s a lot going on here. The first Japanese casino isn’t expected to open until 2025. Make sure to stay tuned for more news on Japan’s gambling industry over the next few months!

Japan is the Main Target for Most of the Top US Casino Companies

Last summer, lawmakers in Japan passed a bill that allows for three casinos to open. It’s the first time in history that Japan has legalized traditional casino gambling. This week, several of the top US casino companies began pouring on the pressure to start operating here.

Flag Of Japan

Most analysts agree that Japan is one of the most lucrative new casino markets in the world. It makes sense that so many major gambling operators are working to establish a presence here. Which of these companies is most likely to be granted a gaming license?

Japanese Cities Lobby For the Right to Host Casino Resort

In July of 2018, Japan’s Parliament officially approved casinos to begin operating in the country. Under the new laws, three “integrated resorts” can open here. These casino-resorts must include several non-gambling options including hotels, shopping centers, and conference rooms.

Cities in Japan must formally receive government approval to open a casino. First, however, these cities need public approval. Several cities are already working for the right to host one of the three integrated resorts.

Yokohama Mayor Fumiko Hayashi has announced that she plans to lobby for a casino. This city is the third-largest in Japan and several of the top US casino companies have already requested to open an integrated resort here. Despite some residents here raising concerns over gambling addiction issues and crime associated with casinos, Fumiko is going ahead with the resort bidding process.

Osaka is another city that’s pushing hard to open a casino. MGM Resorts International has publicly stated that it hopes to begin operating here. Japan Today recently discussed Wynn Resorts new push to open a gambling establishment in this city, as well.

Top US Casino Companies Increase Pressure to Open Integrated Resorts

Japan is taking its casino regulations very seriously. The casino bill was passed in 2018, yet it’s unlikely that any casino-resorts will officially begin operating here until the mid-2020s. This isn’t stopping the biggest casino companies in the US from throwing their name into the mix.

Last July, members of Wynn Resorts held a seminar in Everett, Massachusetts to discuss the casino industry with members of the Japanese media. This city is home to Wynn’s newest resort, the Encore Boston Harbor. Chris Gordon, president of Wynn Resorts Development Japan, spoke to the media about his company’s plan to invest back into the Japanese community.

“We hope to get involved in projects in such major cities as Tokyo, Osaka, Yokohama,” he said.

Gordon also claims that casino-resorts in this city will create as many as 16,000 new jobs. The Wynn’s official also wanted to inform the media about the recent approval of casinos from Japanese students at Harvard University, located just miles away.

MGM Resorts and Las Vegas Sands are also working hard to break into Osaka. These companies are teaming up with local Japanese businesses to help lobby in parliament.

Which Company Will Receive a Casino License Here First?

At this point, it’s anyone’s guess. For a time, it seemed as if MGM Resorts International had the best chance. This company gained a sponsorship with the MLB during the season’s opening games in Tokyo. The marketing push gave MGM great exposure in the country.

Wynn Resorts is also gaining traction in Japan. By inviting members of the Japanese media to a seminar, it gives the company free advertising. The success of the Encore Boston Harbor hotel-casino is also likely to help their chances in this county.

Some gaming analysts feel that Las Vegas Sands is most-likely to receive the first gaming license in Japan. This is one of the top US casino companies operating today, and already has deep ties in Japan. Sheldon Adelson, CEO of LVS, sold the Comdex technology trade show to Japanese business conglomerate Softbank in 1995.

Yokohama is set to announce its candidacy to host an integrated resort this week. Smaller cities such as Hokkaido are also being targeted for a new casino. Make sure to stay tuned for more news on the Japanese casino industry over the next few months!