Published
Land-BasedCasinoIndustry

Crown Resorts unlikely to expand into Japan

Jame

crownpacker
s Packer, Director of Australian gaming company Crown Resorts Limited, has declared that he will not be looking to expand the company’s offerings into the Japanese market anytime soon, according to an article in Agence France-Presse.

The announcement follows months of speculation over the future of integrated resorts in Japan. Many would assume that Crown Resorts, headquartered in Sydney, would be in a prime position to spread their operations to Japan. However, Packer expressed a desire to focus on the construction of a flagship resort in Sydney as his company’s current priority.

Shizo Abe, the current Japanese Prime Minister recently called a snap election, which took place on Sunday, further delaying political conversations surrounding integrated resorts. Results have shown that his coalition has retained a two thirds majority in parliament. That is good news for casino operators who feared a change in leadership could jeopardise the legalisation timeline further.

Despite the encouraging election result, Crown Resorts' current restructuring has taken priority above the potentially fruitless Japanese venture which is likely to involve a lengthy and high cost bidding war between several of the world largest casino operators.

MGM Resorts have already expressed an interest in the market, cementing their intent with the launch of their Japanese facing website earlier in October.

Although Packer did reiterate that he was only one Director, it’s a clear indication that not all major casino operators will compete for the Japanese market. Crown Resorts will continue to develop their $1.9bn integrated resort in Sydney in a project described by Packer as “the most important building built in Australia in a long time”.
Premium+ Connections
Premium

Sport Generate

 
Premium

Lynon

 
Premium

1xBet Partners

 
 
Premium

Digitain

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium

Galaxsys

 
 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...