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Foreign casino operators cautious about doing business in Japan amid pandemic 

  • June 8, 2020
  • , Asahi
  • JMH Summary

Today’s Asahi wrote that some foreign casino operators have begun losing interest in entering the Japanese market as they have been hit hard by the worldwide outbreak of the novel coronavirus. MGM Resorts International has reportedly hinted at the possibility of delaying the submission of its business outlook report concerning its bid to open a gambling facility in Osaka, while Las Vegas Sands has already given up on its quest to obtain a casino license in Yokohama. The CEO of Hong Kong-based Galaxy Entertainment Group, which has been aiming to open an integrated resort in Yokohama, noted that the pandemic will have adverse effects on the gambling and tourism industries for years to come. The daily projected that as a result, many local governments may not be able to present sustainable IR business plans.     

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