With the recent comments of its CEO, Sega Sammy is joining a number of major businesses vying for a share of what analysts estimate to be a gaming market with huge potential.
While the bidding process for the three gaming licenses that will authorize companies to operate casinos within integrated resorts is yet to be launched, a number of major industry players, including Las Vegas giants Las Vegas Sands and MGM Resort International, and Hong Kong’s Melco Resorts & Entertainment, have already lodged their interest.
Japan legalized casino gambling within integrated resorts in December 2016, thus starting what is expected to be a lengthy process of the formation of the nation’s casino industry.
Earlier this year, the Japanese government passed a second piece of legislation that sets out the rules and principles under which casinos and the larger integrated resorts will be developed and regulated.
Sega Sammy’s primary business involves manufacturing and distribution of gaming machines, including the locally popular pachinko. However, the company has recently entered the integrated resort business by jointly developing and operating South Korea’s Paradise City in Incheon with local operator Paradise Co. The first phase of the property was launched last spring and additional amenities were opened last month.
Source: GMB / Casino News Daily
