Forget the Singapore casino model; the future Japanese sector will be more like Macau with 12 casinos capable of generating US$40bn by 2025, compared to Macau’s $US52bn and Singapore’s $6bn.
These predictions come via a 136-page report from CLSA Analyst Jon Oh on the potential of Japan. He believes the first phase of casino openings will come in 2021 with two integrated resorts in Tokyo and Osaka and a destination resort in Okinawa.
Mr. Oh believes the Japanese government will allow more casinos following the success of these initial operations with a total of up to 12 eventually being permitted.
He believes there could well be a Singapore style entrance fee for Japanese nationals looking to play in the casinos.
CLSA recently conducted a poll to find that only 35.9 per cent of respondents believed integrated resorts could revive the economy with 24 per cent saying they weren’t sure of the impact they would have.