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Casino talk in Japan gets more interesting

Apr. 23, 2015 2:30 PM ETMGM Resorts International (MGM) StockLVS, MGM, WYNN, MLCO, CZRBy: Clark Schultz, SA News Editor
  • A casino bill in Japan could be submitted during the current parliamentary session, according to Union Gaming Research.
  • The session is scheduled to end on June 24.
  • Even if Japanese legislators are able to work out a bill this year, it will take a second action in 2016 to sort out licenses, locations, and the all-important question on whether or not local citizens will be allowed to gamble.
  • Tokyo hosts the 2020 Summer Olympics which is seen as a possible revenue bonanza for the gaming industry.
  • Related: Mohegan Sun to gamble in South Korea (April 22)
  • Potential Japan casino players: MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), Wynn Resorts (NASDAQ:WYNN), Genting, Las Vegas Sands (NYSE:LVS), Melco Crown (MPEL).

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