New IR in Osaka Might Adversely Impact the Macau Gambling Market

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    by iklan
    Published: May 8, 2024 (3 weeks ago)

     

    Macau, also known as “Oriental Gambling Capital,” was a sanctuary for Oriental tourists that enjoyed gambling and various casino video games. However, the circumstance may be changing since Japan decided to legalize casino video pc gaming.

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    Legalizing the Japanese market will potentially have a unfavorable effect on Macau, as well as the various other local casino centers, since tourists from Japan will decrease their gambling trips to Macau.

    Fumio Kishida, the Prime Priest of Japan, exposed significant information relates to the new gambling scene. The building of an incorporated hotel in Osaka is approved by the Japanese federal government. The incorporated hotel will be built by MGM Hotels Worldwide and a regional company called Orix.

    Favorable effect on the gambling industry:

    Ryan Hong-Wai Ho, Lecturer at the Centre for Video pc gaming and Tourist Studies at Macao Polytechnic College, does not concur with the claims that this will adversely affect the Macau gambling scene. He believes that the development of new gambling establishments will favorably impact the global gambling industry in many ways.

    Ho said: “Japanese and Oriental tourists are an important resource of customers for gambling establishments in the Asia-Pacific area, and the opening up of a casino in Osaka may provide the opportunity to draw in [more] customers from these surrounding areas. From another point of view, the arising video pc gaming territories such as Japan and Thailand will imply a great demand for skill with practical video pc gaming management experience, as held true with the liberalization of Macau’s video pc gaming industry.”

    U Io Hung, the Head of state of the Macau Professional Organization of Video pc gaming Promoters, believes that the Osaka market will be a great rival to the Macau market, with its currently developed tourist. Many tourists from landmass China currently visit Osaka, and with the development of the video pc gaming industry in the city, that number will increase. The flight terminal in Osaka also should be taken into account: it has more routes compared to the one in Macau. Also, visits to Macau are often brief, while individuals stay much longer in Osaka.