Tokyo governor: Casinos are not “top of my agenda”

Reuters – Tokyo Governor Yoichi Masuzoe on Friday said developing a casino was not a priority for the city and urged more debate about potential problems like money laundering that could arise should casinos be legalised in Japan. The governor has said little about the issue and investors, lobbyists and global casino operators have been waiting for him to clarify his stance, as Japanese lawmakers prepare to consider a bill to open up the country to casino gambling. “This is not at the top of my agenda. I don’t believe that you must have casinos to improve the economy,” Masuzoe…

Sheldon Adelson: Japan & South Korea are “promising” for development

Las Vegas Review Journal – Officials with high-flying Las Vegas Sands Corp. raved about last year’s financial results and were giddy about potential expansion in Asia during an annual shareholder meeting Wednesday. Sands is on track to add thousands of hotel rooms by the end of next year after it completes a St. Regis Tower and a Paris-themed casino in the lucrative Chinese gambling enclave of Macau, according to CEO Sheldon Adelson. The company also has its eyes on Japan and South Korea. “They present the most promising and meaningful development opportunities in the world,” Adelson said of the Asian…

Bloomberry Resorts & Japanese firm discuss casino partnership

Reuters – Philippine leisure and gaming firm Bloomberry Resorts Corp is in talks with a potential Japanese partner for what could be the company’s maiden overseas venture, its chief executive officer said on Thursday. The talks are in preparation for bidding for a gaming license if and when a Japanese gambling law is passed, Enrique Razon, Bloomberry CEO and the Philippines’ fourth-richest man, said at a stockholders meeting. He did not name the Japanese firm. “We’re now working on Japan,” Razon said. “If the integrated resort law passes in Japan this year, we will contend for a license.” Japan is…

Nevada governor skeptical about betting on elections

Las Vegas Sun – Gov. Brian Sandoval isn’t sold on allowing Nevada to become the first state to permit betting on the presidential and other federal elections. “As I think through it, unless I’m convinced otherwise, it is not something I would support,” Sandoval said today. He described himself as “more of a traditionalist” when it comes to betting. “The state has done fine on sports and horse race betting and other events,” he said. The governor hasn’t taken a public position on the issue until now. State Sen. Tick Segerblom, D-Las Vegas, is pushing a proposal to open up…

Italy loses most through gambling in the EU

West – Italians are the second in the world for money lost in gambling in relation to the per capita income: $400 each per year. Preceded only by the Australians with $795. Who, it must be said, on average earn far more than Italians. This is the result of analysis from the President of the Association “Centro Sociale Papa Giovanni XXIII” and explained in a video. Starting from the amount bet by Italian citizens in 2013 (€84.7 billion) and subtracting what returned into their pockets in the form of winnings (€67.6 billion), it has been found the total loss: €17.1…

The Battle for Casinos in Japan Has Started

Daily Finance – Japanese gaming is getting everyone excited. With a summer vote pending to legalize casino building in the country, casino CEOs are already fighting over bids and locations. Neil Bluhm, the Chicago man who has built a real estate empire with casinos around the U.S. and Canada, is preparing to place his bid on the southern city of Osaka. Las Vegas Sands CEO and gaming entrepreneur Sheldon Adelson is putting his bet, a very large bet, on the capital city of Tokyo. Other companies, such as Wynn Resorts and Melco Crown are preparing their bets as well. So…