Green Light for Japan Casinos Offers Jackpot to Businesses

Green Light for Japan Casinos Offers Jackpot to Businesses

Let the competition begin.

Now that Japan has passed a law outlining a road map for casino resorts, foreign operators from Las Vegas Sands Corp. to MGM Resorts International can start to seek out partners in their bid to tap a gaming market that may be worth as much as $25 billion. It could also be a boon for Japanese industries — from companies that oversee a resort project to construction giants building infrastructure.

There is still a long road ahead, but talks between Japanese companies and Western operators will become more serious now that the government has given the green light. Local municipalities will eventually start requesting proposals from consortium groups that want to pitch their plans.

“This business becomes a legitimate viable business after the bill passes,” said Masaru Sugiyama, an analyst at Goldman Sachs Group Inc. “Companies that weren’t willing to come public with their aspirations — we’ll see them be more active with press releases, briefings, blue prints coming out for what kind of projects they want to do and where, and who they want to partner with.”

Read more: Japanese Lawmakers Approve Landmark Bill Legalizing Casinos