{"id":91181,"date":"2018-10-24T14:30:22","date_gmt":"2018-10-24T21:30:22","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=91181"},"modified":"2018-10-24T13:29:52","modified_gmt":"2018-10-24T20:29:52","slug":"odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/","title":{"rendered":"Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses"},"content":{"rendered":"<p class=\"p1\">Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said in a note issued this week.<\/p>\n<figure id=\"attachment_91185\" aria-describedby=\"caption-attachment-91185\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-91185\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg\" alt=\"Las Vegas Sands MGM Japan casino\" width=\"1200\" height=\"852\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31-142x101.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31-1024x727.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31-768x545.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31-155x110.jpg 155w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31-423x300.jpg 423w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption  id=\"caption-attachment-91185\"class=\"text-description\">MGM CEO Jim Murren (left) and Las Vegas Sands billionaire Sheldon Adelson are predicted to have the shortest odds of receiving a casino license in Japan. (Image: Allan Jung\/Telegram\/Evan Vucci\/AP\/Casino.org)<\/figcaption><\/figure>\n<p class=\"p1\">Morningstar senior equity analyst Dan Wasiolek believes the two casino operators based in Las Vegas are best positioned to receive the blessing of Japanese lawmakers to do business in the forthcoming gaming market.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p1\"><strong>&#8220;We see Las Vegas Sands as most likely to win one of the two urban gaming licenses, due to its strong resort experience in Singapore and Las Vegas, where we believe regulation is more stringent than in Macau and the Philippines, and where problem gambling and crime issues have been controlled,&#8221; Wasiolek explained.<\/strong><\/p>\n<\/blockquote>\n<p class=\"p1\">He added that Sands&#8217; $13 billion in investments made in Macau since 1999 will prove to Japan that it can be a trusted long-term ally. In a statement to the <i>Las Vegas Review-Journal<\/i>, Sands spokesman Ron Reese said that while the company &#8220;happy to be recognized&#8221; in the Morningstar note, &#8220;We&#8217;ll let Japan make the ultimate determination.&#8221;<\/p>\n<h2 class=\"p1\"><b>Japan Demands<\/b><\/h2>\n<p class=\"p1\">Sands has long been considered a favorite for licensure, as the company operates multibillion-dollar integrated resorts (IR) in not only Las Vegas, but also Macau and Singapore. Its Marina Bay Sands has become the gold standard of IR design.<\/p>\n<p class=\"p1\">MGM Resorts also operates in Macau, the Chinese gaming enclave. Along with the opening of its $3.4 billion MGM Cotai earlier this year, the company recently invested more than $2 billion in IR properties in Massachusetts and Maryland.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">Wasiolek said MGM is &#8220;well situated to receive a concession based on its leading position in Las Vegas, a market where gambling issues and crime have been well-controlled \u2026 while also displaying a strengthening balance sheet.&#8221;<\/p>\n<\/div>\n<p class=\"p1\">Japan&#8217;s National Diet, its version of Congress, <a href=\"https:\/\/www.casino.org\/news\/japan-integrated-resort-committee-details-casino-site-selection-plan\/\">legalized commercial gambling<\/a> in late 2016. In July, the legislative unit signed off on Prime Minister Shinzo Abe&#8217;s Integrated Resorts Implementation Bill that authorized three casino complexes, taxes gross gambling revenues at 30 percent, and levies a \u00a56,000 (US $53) entrance fee on locals.<\/p>\n<p class=\"p1\"><strong>Aside from those conditions, much remains unknown regarding the regulatory structure of the approaching gaming industry. No matter is more critical than what specifically lawmakers will seek in determining which companies to select in awarding the coveted concessions.<\/strong><\/p>\n<p class=\"p1\">Wasiolek has a few ideas. The Morningstar analyst believes a premium will be placed on operational experience in international markets, the overall fiscal health of the company, willingness and a history of partnering with local businesses, MICE (meetings, incentives, conventions, and exhibitions) expertise, and an understanding and appreciation of Japanese culture.<\/p>\n<h2 class=\"p1\"><b>Candidates, Cities<\/b><\/h2>\n<p class=\"p1\">The world&#8217;s biggest casino operators are all hoping to be welcomed into Japan. Along with Las Vegas Sands and MGM Resorts, <a href=\"https:\/\/www.casino.org\/news\/caesars-japan-unveils-plans-for-yokohama-integrated-resort\">Caesars Entertainment<\/a>,\u00a0Wynn Resorts, and Hard Rock are readying their bids.<\/p>\n<p class=\"p1\">Macau licensees Melco Resorts and Galaxy Entertainment are additionally going to present plans.<\/p>\n<p class=\"p1\">Osaka and Yokohama are likely the two designees for the casino resorts. Wasiolek predicts Sands will win Osaka, while MGM will be awarded Yokohama.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said in a note issued this week. Morningstar senior equity analyst Dan Wasiolek believes the two casino operators based in Las Vegas are best positioned to receive the blessing of Japanese lawmakers to do [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":91185,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,61,13592],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said recently.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said recently.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-24T21:30:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-24T20:29:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"852\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/\",\"url\":\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/\",\"name\":\"Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg\",\"datePublished\":\"2018-10-24T21:30:22+00:00\",\"dateModified\":\"2018-10-24T20:29:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said recently.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg\",\"width\":1200,\"height\":852,\"caption\":\"MGM CEO Jim Murren (left) and Las Vegas Sands billionaire Sheldon Adelson are predicted to have the shortest odds of receiving a casino license in Japan. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses","description":"Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said recently.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/","og_locale":"en_US","og_type":"article","og_title":"Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses","og_description":"Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said recently.","og_url":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-10-24T21:30:22+00:00","article_modified_time":"2018-10-24T20:29:52+00:00","og_image":[{"width":1200,"height":852,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/","url":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/","name":"Odds Favor Las Vegas Sands, MGM Resorts for Japan Casino Licenses","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg","datePublished":"2018-10-24T21:30:22+00:00","dateModified":"2018-10-24T20:29:52+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Las Vegas Sands and MGM Resorts are the odds-on favorites for integrated casino resort licensure in Japan, a leading gaming analyst said recently.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/odds-favor-las-vegas-sands-mgm-resorts-for-japan-casino-licenses\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/collage-31.jpg","width":1200,"height":852,"caption":"MGM CEO Jim Murren (left) and Las Vegas Sands billionaire Sheldon Adelson are predicted to have the shortest odds of receiving a casino license in Japan. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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