Following MGM‘s decision to waive its right to withdraw from the casino industry in Japan, the company now has plans to launch a casino in the country by 2030.
Osaka is the region chosen by MGM
Media in the region detailed that the first casino project in the region is expected to be launched in Osaka. The venture will be worth around US$10 billion.
But the plans not only foresee the launch of a casino in Osaka, but also an entertainment complex that will reinforce the region’s economy and tourism.
Thus, MGM’s decision likely opens the door for construction to begin on the project. In other words, Japan continues in its efforts to be one of the most significant emerging opportunities for operators.
In its most recent financial update, MGM provided a timeline for progression. The group revealed that construction tends to begin at the beginning of 2025.
Then, in an interview, Rhino Entertainment‘s country manager for Japan, Maya Yazaki, emphasized that there is also a “growing sentiment” in favor of regulating online gambling.
She said: “It will be interesting to see how the government faces the anticipated challenges and whether it opts for legalization accompanied by measures for responsible gambling and adherence to anti-money laundering guidelines in the future.”
Japan and Thailand compete for market in the region
Furthermore, the executive added that the brand will be an essential element for success in the Japanese market. Additionally, everyone entering the market must ensure they have a strong understanding of Japanese culture.
Japan has been in something of a race with Thailand as two of the sector’s most attractive emerging markets. The two countries being touted as the first to open at the end of the decade.
Therefore, Thailand remains on track to open the scene in 2029, even with the recent change in local political leadership.
