Melco Crown waits for green light in Japan

Melco Crown (MPEL) CEO Lawrence Ho says the company is ready to dive into the Japanese market if the government relaxes its ban on casinos.

Ho thinks that Melco could be up and running with casinos within four or five years if Tokyo gives it the green light.

The gaming market in Japan is forecast to be a cool $20B per year.

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Comments (5)
  • Coltgunsil
    , contributor
    Comments (87) | Send Message
    Melco and LVS will be the leaders for Japanese licences. Since Steve Wynn screwed over his Japanese (equal to his own)investor/partner two years ago, Wynn will have little or no chance in Japan.
    8 Apr 2014, 05:58 PM Reply Like
  • The Growth Investor
    , contributor
    Comments (316) | Send Message
    My money is on LVS...their balance sheet, experience and track record puts them ahead of MPEL.
    8 Apr 2014, 07:01 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7234) | Send Message
    Does Japan allow gambling?
    8 Apr 2014, 10:22 PM Reply Like
  • The Growth Investor
    , contributor
    Comments (316) | Send Message
    Not yet....but that's about to change. I recently wrote a Seeking Alpha article about LVS and included the following:


    Analysts say that Japanese casinos could bring in as much as $40 billion a year, which would make Japan the world's second most lucrative gambling market, behind only Macau.


    Japanese Prime Minister Shinzo Abe is in favor of legalizing casinos. His Liberal Democratic Party controls the Diet, the Japanese parliament that's now considering new legislation to open up Japan to casino development. Their objective is new tax revenue for operational casinos running before Tokyo hosts the 2020 Summer Olympic Games. It's my prediction that Las Vegas Sands will be the first, or among the first two, to get the casino licenses in Japan.


    Las Vegas Sands CEO Sheldon Adelson was recently in Tokyo at a media briefing and said: "We will spend whatever it takes," and "We could pay all cash" to set up a casino project in Japan. I believe him 100% and Las Vegas Sands has already opened offices in Japan and is seeking local strategic partners.
    8 Apr 2014, 10:44 PM Reply Like
  • fieldberen
    , contributor
    Comments (102) | Send Message
    Make no mistake, the cut from Japan would benefit MPEL, LVS and WYNN. The pie is high in the sky and all would reap ka-ching.
    8 Apr 2014, 10:46 PM Reply Like
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