Tiger Resort Leisure and Amusement Incorporated launching Japan office

In hopes of securing one of those three integrated casino resort licenses that will soon be up for grabs in Japan, operator, Tiger Resort Leisure and Amusement Incorporated, has announced that it will be launching an office in the Asian nation.

Operator following rivals:

According to a report from GGRAsia, the revelation came via a filing (pdf) in Tiger Resort Leisure and Amusement Incorporated’s Tokyo-listed parent, Universal Entertainment Corporation, and follows similar moves by other casino operators such as the likes of MGM Resorts International, Genting Singapore Limited and Hard Rock International.

Branch to be registered tomorrow:

The Hong Kong-recognized firm is already responsible for the giant Okada Manila integrated casino resort in the Philippines and detailed that it intends to register its new Japanese office tomorrow under the stewardship of Toji Takeuchi.

Business to ‘research the possible ’ of Japan:

The filing from Universal Entertainment also explained that its subordinate’s new Tokyo office will ‘research the potential of a casino resort business in Japan’ after July’s passing of the Integrated Resort Implementation Bill with the aim of ‘getting a prospective business contact’ together with decided ‘customer solicitation and advertising actions.

GGRAsia reported that the earlier ratification of the Integrated Resort Implementation Bill could now result in Japan hosting a trio of vegas -style integrated casino hotels finish with hotels, shops and conference centers by 2025. On the other hand, the law requires all possible operators to partner with a local authority prior to entering the race for one of the permits by introducing its development plans to the central authorities.

Economy could be worth up to $20 billion annually:

American financial services giant, Morgan Stanley, said in a July note that the casino market in Japan ‘could peg at a range of $11 billion and $20 billion gambling earnings ’ annually. Alongside establishing the procedures for getting a casino license, the Integrated Resort Implementation Bill instituted a 30 percent tax rate on gross gambling revenues as well as a $53 individual entry fee for most Japanese nationals and residents wishing to gamble.