Not only more Japanese cities are competing to host a casino, but also gambling operators from across the globe are also in the race for a Japanese casino license. The latest to get active in their pursuit to build a casino in Japan is U.S. tribal operator Mohegan Gaming and Entertainment.
The gambling operator has opened a new office in Hokkaido. It should be noted that the company has strategically chosen the location as Hokkaido has been strongly contending to host a casino in Japan.
Mohegan’s new office is located in Tomakomai. The gambling operator is hopeful that Hokkaido would get to host a casino license. At present, there are eight contenders to host a casino in Japan.
Revealing the names, Kazuyoshi Akaba, the Tourism Minister of Japan, said that eight areas are Hokkaido, the city of Chiba, Tokyo, Yokohama, Nagoya, a combined effort by Osaka Prefecture and the city of Osaka, Wakayama Prefecture and Nagasaki Prefecture.
Recently, MGM, also an American company, has emerged as the top contender for Japanese IR license in Osaka.
Japan’s casino market would be the world’s third-largest in the world according to the analysts at Sanford C. Bernstein. The Japanese casino gambling industry is expected to generate $8 billion in gross gaming revenues annually. As such, it would be the third-largest casino gambling market globally, slightly smaller than the Nevada casino market which grossed about $11 billion in revenue in 2018.