Genting Singapore wants to become a leader in Japan's gambling market

26 July 2018

The Genting Singapore company, which belongs to the Malaysian giant Genting Group, intends to include five of its subsidiaries in the list of applicants for a license to be able to work on the Japanese market.

Thus, Genting Singapore seeks to expand its business, and also take possession of one of three licenses for integrated casino-resorts in Japan.

According to the report of the Maybank Kim Eng research firm, the company has great chances not only to obtain a license, but also to cover the vast part of the gambling market in Japan. The operator himself spoke about this at the beginning of last year.

Analysts cited Genting revenue data for the first quarter of 2018. The company earned about $ 2.2 billion, which is higher than the incomes of its American competitors, who also seek to seize the Japanese gambling market.

Last week, the committee of the upper chamber of the Seimas approved the second part of the integrated plan for the development of integrated casino-resorts. Presumably, the first licensees for the construction of gambling facilities will receive their permits within two years, and the first complex will appear in 2025

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