Casino giants prep for Japan gambling

|By:, SA News Editor

Legalized gambling in Japan could generate $40B in annual revenue, according to a rosy forecast from CLSA.

The figure is over 6X what Las Vegas churned up last year.

The legislation timetable in Japan is for the lower house to start debating a casino bill in late April before putting it up for a vote in front of the full parliament in June.

MGM Resorts (MGM -0.5%), Wynn Resorts (WYNN), and Caesars Entertainment (CZR +2.5%) are all looking for a strategic local partner in the region.