What are the chances of Genting Singapore winning a Japan casino license?

International operators may be limited to JVs with Japanese partners.

Japan has done it -- of finally legalizes casinos, with proponents hoping to pass further legislation next year that would enable the first casino to open in the early 2020s.

Would Genting Singapore take this opportunity as it continues suffer declining market share in its own turf?

According to OCBC Investment Research, the participation by international gambling operators will be limited to joint ventures with Japanese partners, given the resistance to the idea of 100% foreign-owned casinos during the parliamentary debates on the matter.

And although Japan has singled out Singapore as role model, potentially paying attention to Genting Singapore, the troubled casino operator may find competition with Las Vegas Sands.

"Nonetheless, GS’s continued decline in market share is a point in favor of Las Vegas Sands should they compete for the same site," it said.

But it furthered, "Possible sites for a casino include Tokyo, Osaka, and Yokohama; GS’s experience with Universal Studios may be more relevant for Yokohama, given Tokyo’s Disneyland and Osaka’s Universal Studios Japan."

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.