![]() ![]() —Robert Frost |
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23rd October 2017 | SHARE THIS
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The Story | |||||
Tycoon James Packer has shelved plans for Crown to expand in Japan as it focuses on developing a flagship casino in Sydney. |
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But why? |
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The Australian billionaire said that he did not want management "distracted" by participating in any competitive bidding process to build an integrated resort in Japan. This is a far cry from the plan he outlined years ago when he said that he plans to tap into Japan’s love of gambling. |
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The move was not unexpected, though. |
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Exactly. This is just another plan executed in the name of Crown’s restructuring. The company earlier exited its holding in Melco Resorts in Macau and has shelved its plan to set up a Las Vegas casino. Packer also note that it is not realistic for Crown to score a gambling licence in Japan. |
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They couldn’t ignore the benefits of Japan’s casino market forever, right? |
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Packer said that putting up a Crown resort in Japan is off his table. “I am only one director and I haven't had the conversation with the board. I am not saying 'no forever', but what I am saying 'no' to is writing a A$500 million (S$532 million) or A$1 billion cheque to go into Japan next week,” he clarified. |
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Takeaway |
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With Japan being a promising venue for Asian gaming, many casino operators are eagerly waiting to set up their businesses there. However, they might have to wait longer as the Japanese government is yet to pass a law that will iron out the details under which Japan's casino industry would be run. |
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Terry Johnson tells casinos avoid marijuana business |
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In this interview with CalvinAyre.com’s Becky Liggero, Terry Johnson of Nevada Gaming Control Board talks about how gaming regulators wrestles with pot policies. |
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Razon: Bloomberry QC casino project to push through | |||||
Bloomberry chairman Enrique Razon Jr. will push through with its planned hotel and casino development in Quezon City as the construction is set to happen next year. |
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Economic crunch takes a bite out of South Africa casino profits | |||||
South Africa’s casino industry is experiencing a decrease in revenue “due to current economic conditions.” |
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UK online gambling operators told to purge kid-friendly marketing | |||||
UK online gambling operators were advised to remove “unacceptable” marketing material that will appeal to those who are under 18-years-old. |
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Tourism to Las Vegas declined during the recession but has increased nearly every year since 2010 to a new high in 2016. Some 42.9 million people visited Southern Nevada last year, spending $35.5 billion — 16.3 percent more than in 2015 when they left behind $30.5 billion. |
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To be able to help customers put value in your product, you have to invest in processes and give them information on the benefits of choosing your product. This will help in building the customers’ trust and cultivating brand loyalty. |
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Oulala pens deal with Marsbet |
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Daily Fantasy Sports B2B provider Oulala has signed an agreement with Marsbet to integrate its football management game directly into their iGaming platform. |
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Congratulations to William Hill and Gala Bingo for winning the first two Playtech Awards of 2017 for marketing excellence and innovation of Playtech’s industry-leading products! |
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Want to be a guest contributor? Email bill@calvinayre.com |
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