An integrated casino resort in Tokyo, Japan, could generate $6.8bn a year in revenue and one in Osaka could generate $6.5bn, Steve Kent of Goldman Sachs says in an update on the potential markets.
Those two cities could end up hosting the two largest integrated resorts in the world, he said. Las Vegas Sands and Wynn are positioned to be among the prime candidates for those casinos if Japan legalises gaming, Kent said.
Kent estimates returns on investment of between 15 and 30 per cent for casinos built in Tokyo and Osaka. Time is tight to pass the bill, issue licences and build casinos before the 2020 Olympics in Tokyo, Kent noted.
