2024.07.19
firekeepers casino donation requestMelco doesn’t operate a gaming venue there.What’s Next in JapanThe upcoming Yokohama mayoral election could go a long way toward determining the city’s fate in Japan’s casino gaming landscape. That’s because investors haven’t factored Japan into the stock.Genting is viewed as the Yokohama leader because of its presence in Singapore, where it owns Resorts World Sentosa – one of the city-state’s two integrated resorts. The company is eyeing Terre Haute, a city near the Illinois state line roughly an hour west of Indianapolis. brian christopher slots birthdayIt sees Genting Singapore as the likely winner of the two bidders. Yes, 80%+ of the revenues come from Singapore and Macau, so there are clearly challenges over there with further lockdowns related to Covid. That group is the only contender for a license in Japan’s third-largest city.Last week, a consortium of Mohegan Gaming & Entertainment and Japan’s Oshidori International Development pulled out of the bidding for a Nagasaki license. running aces casino and hotel pechanga casino ownerpictures of cache creek casinoAmid swirling controversy over the fate of a gaming venue in Yokohama, at least one investment bank believes an integrated resort will come to life in Japan’s second-largest city. While the incumbent Hayashi and Okonogi are both members of Suga’s Liberal Democratic Party (LDP), Okonogi opposes the casino plan.Yokohama not Make or Break for Genting InvestorsGenting Singapore and local partner Sega Sammy are competing against Hong Kong-based Melco Resorts & Entertainment (NASDAQ:MLCO) for the rights to build a new gaming venue in Yokohama.As it’s become clear that those are the two gaming companies pursuing a license in the city, analysts are saying it’s Genting’s race to lose. In Japanese history, it’s viewed as a way of restoring honor to one’s name or family.In perhaps another blow to the Yokohama integrated resort effort, Japan Prime Minister Yoshihide Suga last week endorsed National Public Safety Commission Chairman Hachiro Okonogi in the mayoral race. golden nugget casino l aubergeJapanese officials are hoping casino-resorts in their country will emulate the Singapore model. It’s possible the city ultimately bows out of the fray.Elsewhere in the country, MGM Resorts International and its local partner, Orix, remain committed to Osaka, recently unveiling a .1 billion proposal for a gaming venue there. Genting Singapore’s Resorts World Sentosa. santa ana casino hotel new mexico ellis island resort and casinosam s town casino bowling alleyThe operator is still seen as the leading contender for a Yokohama casino license. Amid swirling controversy over the fate of a gaming venue in Yokohama, at least one investment bank believes an integrated resort will come to life in Japan’s second-largest city. While the incumbent Hayashi and Okonogi are both members of Suga’s Liberal Democratic Party (LDP), Okonogi opposes the casino plan.Yokohama not Make or Break for Genting InvestorsGenting Singapore and local partner Sega Sammy are competing against Hong Kong-based Melco Resorts & Entertainment (NASDAQ:MLCO) for the rights to build a new gaming venue in Yokohama.As it’s become clear that those are the two gaming companies pursuing a license in the city, analysts are saying it’s Genting’s race to lose. Those include finding new US markets, though wagers on New York and Texas have yet to pay off.Additionally, the operator could finally push into online gaming and sports betting — two fast-growing segments it’s largely absent from. (Image: City of Terre Haute)On its second-quarter earnings call with analysts on Tuesday, the Las Vegas-based gaming company announced that it may submit an application for the open casino license in the Hoosier State. That group is the only contender for a license in Japan’s third-largest city.Last week, a consortium of Mohegan Gaming & Entertainment and Japan’s Oshidori International Development pulled out of the bidding for a Nagasaki license. peppermill casino reno spa island view casino website |