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Genting Sing

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Volume 12,010.8
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Japan rolls dice on S'pore-style IRs

15 Apr 2019 09:00

Students practising at the Japan Casino School (above) in Tokyo. Japan, which has allowed three integrated resorts (IRs) to be built, hopes to mitigate the risks of problem gambling while reaping the benefits of tourism spending and job creation. But passing of IR-related laws has been acrimonious due to the notoriety of the country's pachinko parlours (below). PHOTOS: AGENCE FRANCE-PRESSE

By Walter Sim,Japan Correspondent In Tokyo

The operators of Singapore's two integrated resorts (IRs), which this month injected $9 billion in fresh investment, are also itching to place their bets on Japan in the race to enter the world's largest untapped casino gambling market.

Las Vegas Sands Corp and Genting Singapore, which run Marina Bay Sands and Resorts World Sentosa respectively, are among at least eight suitors for the three IRs that Japan has allowed.

Others include Macau's Melco Resorts & Entertainment and Las Vegas' MGM Resorts International.

While Japan has not yet decided where to build the IRs, which will likely open their doors only in mid-2020s, casino moguls are going on a charm offensive by setting up local offices, meeting government officials and pledging multi-billion dollars in investments.


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Students practising at the Japan Casino School (above) in Tokyo. Japan, which has allowed three integrated resorts (IRs) to be built, hopes to mitigate the risks of problem gambling while reaping the benefits of tourism spending and job creation. But passing of IR-related laws has been acrimonious due to the notoriety of the country's pachinko parlours (below). PHOTOS: AGENCE FRANCE-PRESSE

Source: Straits Times
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