Following MGM’s decision to waiver its right to withdraw from the Japanese casino sector, plans for a casino launch in the region by 2030 are set to be formalised.
Media in the region detailed that the debut casino project in the region is set to launch in Osaka and predicted to be worth around $10bn.
The plans are set to not only see the launch of a casino in Osaka, but also an entertainment complex that bolsters the tourism economy of the region.
The decision from MGM likely opens the door for construction to commence on the project, as Japan continues in its efforts to be one of the most significant emerging opportunities for operators.
In its most recent financial update, MGM provided a timeline for the progression as the group revealed that it is aiming for preparatory construction to start at the end of the year, with main construction to commence in 2025.
In a recent interview with CasinoBeats, Rhino Entertainment’s Country Manager for Japan, Maya Yazaki, emphasised that there is also a “growing sentiment” in favour of regulating online gambling.
She stated: “It will be interesting to observe how the government navigates the anticipated challenges and whether it opts for legalisation accompanied by measures for responsible gambling and adherence to anti-money laundering guidelines in the future.”
Furthermore, she added that brand will be an essential ingredient to success in the Japanese market and those that enter should ensure they have a strong understanding of Japanese culture and important nuances.
Japan has been in something of a race with Thailand as two of the industry’s most alluring emerging markets, with both South Asian countries touted to open at then end of the decade.
Nonetheless, Thailand remains on course for a 2029 opening even despite recent change of political leadership in the region.
