"Both of these cities are ideal locations for integrated resort development considering their: significant local population (about 9m); sizeable inbound tourist flow (10 to 18 million per annum); and strong infrastructure support (with international airports and world-class theme parks within close proximity). We are bullish on the prospects of the Japan gaming industry,” says Nomura report.
"We believe a US$7 billion gaming market would allow the two IRs to each generate annual property EBITDA of nearly US$1.6 billion, assuming VIP and mass GGR tax rate of 13% and 23%, respectively, largely in line with that of Singapore. It expects the casinos to be allowed to operate 850 mass gaming tables which will bring in US$1.7
"The central government will select local governments, which
The brokerage said: "With the Japan IR likely to monopolise the gaming market of that chosen city, and with the relatively low gaming penetration in Japan, we believe the developer of the integrated resort will be willing to undertake hefty
Source: GMB / G3 Newswire