Steve Wynn shared his vision on the forthcoming Japanese casino market and also opened up about the company’s performance in Macau. During an interview with Nikkei Asian Review, Wynn Resorts Chairman listed Yokohama, Tokyo, and Osaka as the most viable locations to host casinos in the Asian country.
Japan lifted the ban on casino gambling in December 2016 and since then legislators have been in a process of putting together an Integrated Resort Implementation Bill that will outline the rules and regulations that will govern Japan’s casino industry.
According to Wynn Japan casino will have to be in a city and a country with enough support related to recruiting and training staff, having access to needed supplies and everything else required for highest quality gaming resorts.
The executive affirms that the Japanese Diet role will be crucial in determining the future of the nation’s gambling market, as state’s gaming regulations make the difference between failure and success.
“The government is always a partner in this business. In designing the regulations and the law, the government can make it possible for great success in the building and the management and the marketing of such a business; or they can make it difficult. Regulations, tax rates and all such things – affecting [construction], the location of the building and the operation of the business – all have profound impact on the result.”
Wynn also mentioned Macau casino industry recovery, specially in the VIP sector. In this regard, the executive highlighted the job done by the Gaming Inspection and Coordination Bureau in tightening regulations on junket operators as it helped to weed out operators who were not qualified.