web analytics

US-based Gambling Operator Las Vegas Sands No Longer In Race For Osaka IR License

US-Based Gambling Operator Las Vegas Sands Is No Longer In Race For Osaka IR License
US-Based Gambling Operator Las Vegas Sands Is No Longer In Race For Osaka IR License

US-based gambling and casino operator, Las Vegas Sands Corp. has confirmed that they are no longer pursuing an integrated casino license in the Osaka prefecture.

In an announcement on Thursday Vegas Sands Chairman and Chief Executive Officer Sheldon Adelson said that they think that an investment in Tokyo or Yokohama gives them the best opportunity.

While Yokohama had already revealed its interest in hosting a casino, earlier today, the Yokohama Municipal Government officially announced that they would be bidding to host a casino resort.

Apart from Yokohama, Osaka, Wakayama, and Nagasaki are already contending to host an integrated casino resort. The three prefectures have already initiated the process to award a casino license to gambling operators.

Recently Osaka also revealed the names of gambling operators who have formally submitted a proposal for a casino resort which it expects to be completed by 2025.

As the Japanese casino market would be one of the biggest casino gambling markets in the world, there is a stiff competition amongst top gambling operators globally who are vying for an IR license in Japan.

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.

Macau remains the biggest casino gambling market in the world.

Please wait...
Bitcoin Casino

About the author

Utsav Kumar

Utsav Kumar

With a masters in literature and passionate about evolving technologies, Utsav has been covering the latest from the world of Blockchain, Artificial Intelligence, and AR for several online and print publications. He strongly believes that these evolving technologies have immense potentials to redefine existing online gambling infrastructures and can dramatically improve standards of customer protection. Utsav covers mostly compliance updates and other latest technical developments that impact the global casino and gambling industry. He can be reached out at utsav_kumar@casino.buzz

Add Comment

Click here to post a comment

Official Partners

Bitcoin Casino

Sloto Cash Casino
⭐Weekly Free Spins Bonus Codes⭐👉Subscribe To Our Newsletter!✅

Get free spins bonus codes✅

Get new & exciting slots to play every week✅