Re-elections in Japan won't accelerate the situation with integrated casino resorts

1 October 2018

According to analysts, the re-election of Prime Minister Shinzo Abe will not accelerate the formation of the Japanese gambling market.

In the middle of this year, Japanese politicians approved a bill allowing the construction of several casino-resorts on the territory of the state. At the moment it is still not known exactly where these gambling facilities will be located. Also, so far, no licenses have been issued, the applications for which have ended recently.

According to analysts, the re-election of Prime Minister Shinzo Abe as LDP leader will not have a direct impact on the dynamics of this process.

"I do not think that his re-election will have any impact on the situation, except that the issue will continue to move along the planned path, forward," - commented the analyst of the Union Gaming Securities Asia Ltd (brokerage company), Grant Govertsen. "We continue to believe that the first licenses will be issued in at least two years, maybe even later, and the first casino-resort will be opened no earlier than 2025."

The specialists of the brokerage company CLSA Ltd also agree with this opinion. According to them, the first casino facilities will open their doors to visitors in 2026. However, the likely locations will be Tokyo, Osaka and Yokohama.

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