Galaxy Entertainment Intends To Become Part Of The Japanese Gambling Market
At the beginning of next year, a whole range of actions are planned, which will bring japan to the implementation of integrated resort projects. In this regard, more and more operators want to become part of the japanese gambling market.
Since in the first stage it is supposed to create only three casino resorts, competition among operators is increasing. Most gembling companies focused their efforts around obtaining a license in a specific region, for example, in osaka or yokoham. However, galaxy entertainment group decided to use a more large-scale approach.
Like other operators, galaxy is already acquainted with the country, markets and engaged in the selection of possible partners. The company also tries to establish itself well in front of the authorities. The main accent operator makes the experience of organizing a mice-segment (meeting, conferences and exhibitions). Soon the operator will launch galaxy arena and galaxy international convention center (gicc) in macau.
At yesterday’s press conference on the eve of gaming expo 2019, galaxy representatives stated that the gicc is the most significant and integrated mice-center in macau. The start of the project is scheduled for the first half of 2021.
The founder of galaxy louis che wu said that the company is a great honor to present new means of attracting visitors and support the macau government in an attempt to turn a special administrative district to the world center for tourism and rest.
The company claims that they are ready to show flexibility and not concentrate on one of the regions in which the construction of a casino resort is possible. Nevertheless, osaka and yokohama are of particular interest for them.
The chief operations director of galaxy japan ted chan stated to participate in the creation of two integrated resorts at once, but this is unlikely.
Net profit of the gambling operator last year amounted to $ 1.748 billion and ebitda – $ 2.19 billion.
Recall that in japan the control body for gambling industry will be established.