๐Ÿ– MGM Resorts' Chances for a Casino License in Japan Just Got a Major Boost | The Motley Fool

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In Japan and the race to secure one of the nation's coming trio of integrated casino resort licenses will now reportedly be down to eight runners.


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After Wynn Resorts drops out, MGM looks like it has the inside track for an Osaka license.


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But Japan only grants licenses for 10 years, with renewals required every five years and a 30% annual gaming tax imposed on central and local.


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Since the enactment of a law in July legalizing casino gambling in Japan, large resort operators from the United States have been.


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Las Vegas Sands announces that it's withdrawing from Japan's casino license derby โ€œto focus our energy on other opportunities.โ€.


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After Wynn Resorts drops out, MGM looks like it has the inside track for an Osaka license.


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Kumagai reportedly also declared that the timetable released by federal officials in November was shorter than had been originally envisaged while refusing to categorically rule out the possibility that his city could one day lodge a subsequent casino bid. Home Latest Casino and Gambling News. Chiba sits close to Tokyo while its Makuhari ward is already home to the 79, sq ft Makuhari Messe exhibition center as well as the 30,seat Zozo Marine Stadium. The move from Chiba reportedly comes a little over a month after Hokkaido Prefecture abandoned its own casino bid owing to similar time concerns and means that the race to secure one of the lucrative gambling-friendly licenses now encompasses nine Japanese communities including front-runners Yokohama , Sasebo and Osaka. I would like to study effective strategies including those for the future. Bolstering pledge: Chiba sits close to Tokyo while its Makuhari ward is already home to the 79, sq ft Makuhari Messe exhibition center as well as the 30,seat Zozo Marine Stadium.{/INSERTKEYS}{/PARAGRAPH} Time troubles: However, Inside Asian Gaming reported that Chiba Mayor, Toshihito Kumagai , stated yesterday that his city was to forsake this campaign owing to uncertainties over whether it would be able to lodge a completed casino plan with federal Japanese selectors in advance of the final July 30, , deadline. {PARAGRAPH}{INSERTKEYS}According to a report from Inside Asian Gaming, the community of some , people was hoping to win the right to bring an integrated casino resort complete with hotels and exhibition facilities to its seaside Makuhari district and it had already received official interest from eight potential operating partners. However, Inside Asian Gaming reported that Chiba Mayor, Toshihito Kumagai , stated yesterday that his city was to forsake this campaign owing to uncertainties over whether it would be able to lodge a completed casino plan with federal Japanese selectors in advance of the final July 30, , deadline. Bolstering pledge:.