The top casino and gambling companies from across the globe are working their way to apply for an integrated resort (IR) license in Japan. As such many are partnering with local entities to secure eligibility for an application.
French casino giant Groupe Lucien Barriere has opened an office in the city of Wakayama, western Japan. The company is looking forward to bidding for an Integrated casino resort license in the Wakayama Prefecture.
Earlier this week, global gambling and hospitality giant MGM Resorts International partnered with Orix and officially declared that they are going to bid for an integrated resort license in Osaka.
On Tuesday, Jonathan Strock, chief of Lucien Barriere Japanese subsidiary, said that the Wakayama prefecture fulfills all the requirements for an integrated resort. He also added that the location for the IR is excellent and that it is also in proximity with the Kansai International Airport in Osaka.
Strock confirmed that the French gambling operator would apply for the IR license.
Japan will be issuing a total of three integrated casino license in the first phase. Amidst expanding gambling and casino market in Asia, gambling companies from across the world are competing for an IR license in Japan.
Las Vegas Sands Corp, Galaxy Entertainment and the Genting Group from Malaysia are amongst the top gambling companies applying for the casino license.
The reports posted by analysts from various marketing research firms confirm that the Japanese gambling market will boom. Japan’s casinos are also being seen as a competition to Macau’s gambling industry.