Osaka Casino Licence Down To Three Applicants

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In Osaka, Japan, there are just three applicants for an integrated resort licence: MGM Resorts, Genting Singapore and the Galaxy Entertainment Group.

Local press accounts indicate that the carriers are the only three firms in the town that have presented Request for Concept offers.

This week, Melco Resorts & Entertainment decided to pull out of the running to create a fresh casino in Osaka on the virtual island of Yumeshima.

The company has accompanied Las Vegas Sands in doing the same, while Caesars Entertainment has lately stopped pursuing an general Japanese licence anywhere.

MGM’s consolidated net income grew to $3.2bn in the second half of 2019 by 13 percent year-on-year, bringing its H1 total to $6.4bn.

Meanwhile, at HK$26.2bn (US$ 3.34bn), Galaxy Entertainment Group recorded a 7 percent year-on-year drop in net income from H1.

By contrast, for H1, Genting Singapore produced $1.2bn in income, a 3% increase.

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