There mightn’t be any Japanese casinos right now but if they are built, they’ll be placing much better focus on slots machines than table games.
Generally, Asian casinos are extremely big on table games for example poker, blackjack and roulette. This is really the case with Macau and Sinapore. However, based on Global Market Advisors, Japanese resorts should neglect the training learned elsewhere in Asia.
Based on the GMA, while baccarat along with other table games may be extremely popular in other markets, “slot machines have a much more prominent place [in Japan’s] machine-centric gaming culture.”
GMA stance draws around the Japanese passion for tech
The GMA doesn’t deny that there is a marketplace for baccarat and blackjack in Japan. It simply believes the tech-friendly nation is going to be faster to embrace slots.
The report authors found this conclusion in line with the recognition of Japan’s pachinko and pachi-slot venues. In addition, the GMA’s certain that Japanese electronic gaming giants might find how large an chance this may be on their behalf. In the end, who’s better placed to create slots which will seem to Japan’s gamblers than Konami and buddies?
Entering further depth, the research projects that slots will require up 45% of Japanese casino gaming space on the floor having a further 5% focused on electronic table games. The rest of the 50% will probably be employed for traditional casino table games.
Japanese casino industry might be worth over$20 billion annually
Obviously, Japan’s government hasn’t granted casino gambling its full approval. Still, this hasn’t stopped industry insiders from speculating concerning the market’s potential value. Melco Resorts Chief executive officer Lawrence Ho’s recommended the Japanese casino market might be worth $20 billion yearly. However, the ultimate figure will be based upon the amount of licenses the government’s prepared to issue.
For instance, when the federal government grants two large integrated resort licenses, the GMA estimates annual revenues in the plethora of $12.5 billion. However, if the government bodies issue six licenses for various small and big gaming houses, that figure could rise to $24.2 billion.
What’s more, when there’s one country that’s primed for any casino boom, it’s Japan. Tourism’s been growing in an annual rate of 30% since 2012. It’s now believed that 60 million individuals will go to the country yearly by 2030.
Along with the nation set to hosting the 2019 Rugby World Cup (above) and also the 2020 Summer time Olympic games, you need to conclude that Japan’s going to hit the casino jackpot!