The Devil is in the Details of Japan’s Gaming Market
The most anticipated gaming license in over a decade could become available in the next year and every major gaming company is watching negotiations closely. After agreeing to open gaming at a small number of integrated resorts, Japanese officials are now laying out what the rules of the gaming industry will look like. Locations, tax rates, table limits, floor space, and access for locals are among the topics of discussion.
At stake is a gaming market with the potential to be worth $25 billion, about four times the size of the Las Vegas Strip. And with only two or three resorts likely to be built, Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), Wynn Resorts (NASDAQ: WYNN), and Melco Resorts (NASDAQ: MLCO) are all waiting to see if this will be a massive opportunity they're willing to bet $10 billion, or more, on, or a risk that isn't worth taking.
Image source: MGM Resorts.
Source: Fool.com
Wynn Resorts Ltd Stock
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