Universal Studios Japan looks for casino partner


Universal Studios Japan is looking for a partner to help it run a casino in Japan, according to Bloomberg.

The Japanese theme park operator is in talks with MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), and Genting Group.

A fresh listing on the Tokyo Stock Exchange is being considered by USJ as a possible way to raise funds for its casino dream.

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Comments (5)
  • Howard Jay Klein
    , contributor
    Comments (961) | Send Message
     
    No matter their partner, Universal will be going up against LVS and Wynn, both of which will be very tough to beat. It goes beyond their leadership in Macau to the group that has the deepest understanding of how the levers of power and Asian consumerism work---and while the three groups mentioned as possible Universal partners are all A-One in one form or another---keep your eye on Wynn and LVS.
    Wynn has great personal admiration for Adelson and vice versa (at least publicly).
    Both men are mavericks and combined they would be formidable in Japan.
    Don't rule it out.
    12 Aug 2014, 08:55 AM Reply Like
  • freeman8201
    , contributor
    Comments (832) | Send Message
     
    On his visit to Singapore, Prime Minister Abe favored the Singapore model: Sands' casino in the business district and Genting's casino out in the suburbs adjoining another one of universal studios' theme parks.
    With that noted, wynn or sands would be ideal for tokyo and Caesars or mgm would fit the Osaka vacation model.

     

    A question would be where's Universal Studio's Japan theme park located?

     

    And wouldn't you think of Wynn's ex-japanese partner put him at odds in Japan?
    19 Aug 2014, 07:23 PM Reply Like
  • Howard Jay Klein
    , contributor
    Comments (961) | Send Message
     
    Rule one in the gaming business: Never bet against Steve Wynn. Rule two: Read Rule one again.
    21 Aug 2014, 08:49 AM Reply Like
  • harrop
    , contributor
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    As expected Japan, has fizzed as a Casino location.
    13 Apr 2015, 07:35 PM Reply Like
  • Howard Jay Klein
    , contributor
    Comments (961) | Send Message
     
    Correct. According to my sources the fizzle was triggered by a lot of below the radar sentiment among legislative leaders worried about the possibilities of Japanese elders blowing their substantial savings. Japan probably leads the world in the average savings accumulated by everyday people. Between pensions (sacred in Japan) frugality in living through the years and second and third generation accumulations of inheritances, Japan probably has the single wealthiest senior population in the world. Alongside that is the pachinko mania that likewise grips mostly elderly Japanese. Visit the parlors and see the average age. If you think there's a contradiction in this there isn't. Here's why: My legislative sources tell me that pachinko's very nature has both a built in addictive and speed governor in the way the games work. In other words, they feel confident that the players can limit their spending on the game, thus keeping their fat savings in tact whereas in the far more addictive slot machine(according to some informed politics opinion there) allows for no such phased spend. That's their perception--largely untrue except for a very small minority. Seniors are a lot more savvy about their casino spend than one thinks--especially since the 2008 financial collapse. This is one factor, there are many other, political, economic, fear of corruption,etc the Macau example. But the bottom line remains: You will see casinos in Japan within the next 7 years or so. As more and more Asian nations join the bonanza, Japan will make its move. And as I said before, figure either LVS, WYNN or MGM to be among the key players.
    14 Apr 2015, 12:06 PM Reply Like
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