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Japan To Become The Third Largest Casino Market: Analysts
Japan To Become The Third Largest Casino Market: Analysts
Asia

Japan To Become The Third Largest Casino Market: Analysts

Japan’s casino market in making would be the world’s third-largest in the world according to the analysts at Sanford C. Bernstein.

According to a recent report from Sanford Bernstein, the Japanese casino market will generate $8 billion in gross gaming revenues annually. As such, it would be smaller than the Nevada casino market which grossed about $11 billion in revenue in 2018.

Since Japan announced its plans for opening the casino and gambling market, analysts held that it would be the second-largest only after Macau. Macau’s casino market is the biggest in the world and generates about $30 billion+ every year. In 2018, the Macau casino industry generated $37.5 billion in revenue.

The analysts at Sanford Bernstein wrote in their report: “The three Japan IRs that will be authorized in the first round will be located across the country in three different municipalities. This is [a] very different market structure of creating a centrally located critical mass (like Macau, Manila, and Singapore which all benefit from their critical mass locations)”

There is a tough competition amongst gambling operators from across the globe as most of them are vying for a casino license in Japan.

Several operators have revealed their plans for a Japanese casino and have also secured partnership deals with local companies.

Recently the Osaka prefecture which is seeking to have a casino developed by 2025, revealed the names of gambling operators who have applied for a casino license.

Japan will have three casinos in the first phase.

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at [email protected]

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