Reports
MARKET REPORT: JAPAN
Essential information and facts about Japan:
Capital
Total Area Population Median age Religion
Ethnic Groups Languages
Chief of State Tokyo
377,915
sq.km 126,451,398 47.3 years
Shintoism, Buddhism, Christianity
Japanese (98.5%), Koreans (0.5%, Chinese (0.4%) Japanese
Currency Yen
Government type Parliamentary Constitutional Monarchy
Emperor Akihito (since 1989)
Head of Government Prime Minister Shinzo Abe (since 2012)
Elections Monarch is hereditary. Leader of majority party in House of Representatives usually becomes Prime Minister.
In April 2017 Sega Sammy partnered with Paradise to open the $1.7bn Paradise City in Incheon, South Korea and aims to use this venue as its track record and experience in winning a casino resort tender bid in Japan. Tey reported that they would seek a majority stake in any Japanese casino project.
and other such facilities. Japanese company Intrance Co Ltd made some investments here in hotels. In Hokkadio there are also several sites being discussed including Otaru, Kushiro and Tomakomai.
Japan’s new casino industry will face stiff competition from the likes of Macau, Malaysia and Singapore but according to sources the Japanese culture is a key lure and it is thought Japan will follow in Singapore’s footsteps for the implementation phase.
According to a Global Market Advisor report slots are expected to play heavily in the new IRs with an estimated 45 per cent allocation plus five per for electronic table games and 50 per cent table games whilst Blackjack is expected to be a popular game.
It is reported that 50 per cent of Japanese residents are still opposed to the establishment of casinos and the government is pulling out all the stops to make the IR bill as friendly as possible.
Tere are several global casino giants now standing on the sidelines of Japan waiting for the
P112 NEWSWIRE / INTERACTIVE /MARKET DATA
golden goose to hatch and some are already investing into the country although competitive bidding isn’t anticipated to start until 2019.
Pachinko giant Sega Sammy Holdings has announced its intention to open an IR although is waiting on government legislation before preparing plans.
In April 2017 Sega Sammy partnered with Seoul listed Paradise Company Ltd to open the $1.7bn Paradise City in Incheon, South Korea and aims to use this venue as its track record and experience in winning a casino resort tender bid in Japan. Tey are reported as saying last year that they would seek a majority stake in any Japanese casino project.
Paradise City is South Korea’s first IR and Sega Sammy has a 45 per cent stake in the resort and it consists of high end hotel, boutique hotel and 15,529 sq.m gaming area with 154 table games and 281 slots.
Meanwhile Sega Sammy also operates the Phoenix Seagaia Resort located on the eastern corner of Miyazaki City on the Pacific Ocean. Te resort spans 11 kilometres covering 700
hectares and is made up of four accommodation complexes including the Sheraton Grande Ocean Resort, condominiums and cottages plus golf clubs, tennis clubs, spa and convention centre.
Sega Sammy Corporation’s Nanako Shimohara said: “We are trying to foster the resort business as one of our new fundamental business domains in addition to our existing businesses such as Pachislot and Pachinko Machine Business and Entertainment Contents Business. While the main focus of the resort business will be integrated resort business, we hope to develop integrated resorts in Japan that will have a strong presence worldwide, taking full advantage of our experiences and know how we accumulated by doing various kinds of entertainment businesses.
“Based on this vision we are focusing on making successful the Phoenix Seagaia Resort located in Miyazaki and the Paradise City which opened last year in South Korea.
“We have been working on the business promotion for the Paradise City while keeping a good relationship with Paradise since the business planning phase. Since Paradise City
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