How Japanese casino players will cope with Las Vegas Sands' withdrawal
newsonjapan.com -- May 28
The announcement by Las Vegas Sands Corp. to withdraw from building an integrated casino resort at the start of May came as a major setback in the country's efforts to popularise casinos.

Billionaire Sheldon Adelson's decision comes at a time when there are doubts as to whether any casino resorts can open within the next couple of years given the economic damage over the past month or so on top of concerns about problem gambling in the country already.

Adelson met with prime minister Shinzo Abe off the back of a reference from his friend and US President, Donald Trump, back in February 2017.

Yokohama had been one of the cities in contention for a Las Vegas Sands casino but that will not happen now. The city itself may not see a major casino resort built at all in the near future either. It will be one of the key election issues in the build up to August 2021's vote.

Any alternative would be required to work quickly and efficiently under a tight deadline from the government. What's more, Osaka seems the more likely location amid both corporate and political enthusiasm.

MGM Resorts International are leading the way in Osaka. The city originally wanted the casino to open ahead of the 2025 World Expo. However, MGM wanted a three-month extension on submitting their proposal back in March, which led Osaka officials to believe that the new resort would open in 2026 instead.

The good news for Osaka is that MGM say they remain committed to the city. Whether or not they are putting on a brave face remains to be seen. They are currently taking heavy losses from the pandemic, which has affected the United States far greater than any other country.

What does this mean for casino players in Japan?

The locals' dreams of a Las Vegas-style casino resort are going to have to wait a number of years, if ever, for one to open. Casino gambling is still prohibited in Japan too, though there are exceptions for sports betting, pachinko and pachi-slot machines.

Casino fans in Japan continue to wait for a legalisation similar to the likes of Australia and many European countries. Many continue to anticipate the opening of online casinos in Japan.

The improvement in technology, graphics and internet connections have made the popularity of online casinos skyrocket year after year this millennium. The current circumstances have also raised their popularity further.

Compared to the traditional land-based casinos, online casinos have many advantages to players.

Arguably the most popular benefit of playing at an online casino is the location. Players can play wherever they like provided they have an internet connection on their smartphone. Given that casinos are few and far between, many miles apart, this saves a lot of time and travel expenses.

On a similar note, there is no dress code when you're playing in the comfort of your own home, instead of needing to adhere to the land-based casinos' dress codes.

The majority of online casinos also offer their players sign-up bonuses and free spins, something you rarely find when you head to the brick-and-mortar benefit.

News source: newsonjapan.com
Jul 09
Struggling businesses and other clients have left Japanese banks with record outstanding loans for a third straight month. (NHK)
Jul 09
Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. (Japan Today)
Jul 08
Torrential rains in southwestern Japan forced more plants to close Tuesday as floodwaters poured into factories, knocked out power and threatened to cover roads. (Nikkei)
Jul 08
Japan's labor ministry says over 32,000 workers have been discharged by their employers or faced contract nonrenewal amid the coronavirus pandemic. (NHK)
Jul 08
Whenever people want to sell their car for any reason, they wish to go through the process of selling as smoothly as possible. During this marketing process of their car, people make common mistakes again and again that costs them in the low-profit margin. Enlisted below are 5 common mistakes done by the people in selling their vehicle. (newsonjapan.com)
Jul 07
Japanese automakers are moving beyond the plant shutdowns stemming from the coronavirus. They've brought most of their overseas facilities back online as they gear up for recovering demand. (NHK)
Jul 05
Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned. (Nikkei)
Jul 05
A long-time plan to develop Tokyo as a major international financial center is getting a new twist -- prompting skeptics to reassess their views. (Nikkei)
Jul 04
Business sentiment improved for the first time in nine months in June, thanks to the resumption of economic activity nationwide, credit research company Teikoku Databank Ltd. said Friday. (Japan Times)
Jul 04
A Turkish judge on Friday released pending trial the four pilots and an aviation company manager accused of aiding former Nissan Motor Chairman Carlos Ghosn's escape from criminal custody in Japan. (Nikkei)