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mar
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Hard Rock joins Race for Japan Casino

Tags: Hard Rock Cafe, Japan.
Posted on Thursday, March 02, 2017 by "T".

Hard Rock Café International is ready to make a big investment in the Japanese Casino Market ever since lawmakers have proposed to discuss the legalizing of casinos in the country. The chairman of the casino said that they are looking to buy up to 60 percent stake in a Japanese casino resort, an entry into what would be one of the biggest casino market in the world.

The café and casino chain is looking for partners in the upcoming bid for license should the Japanese legislation approve gaming resorts.

"We are looking at 40-60 percent equity participation," Chairman James Allen said. "It's important to make sure our local partners are involved in the relationship, not just as blind investors.

CEO Hamish Dodds said in an interview, "We can either play a lead role or a partnership role. We really hope that we can collaborate with Japanese partners and institutions."

Hard Rock is popular for its music-themed restaurants. The company also owns casino resorts and currently has 11 casinos in North America. It now has plans to open up a casino in Japan should the casino resort market regulation in the country be made open by their legislators.

Hard Rock Café International Inc. joins the Las Vegas Sands Corp. and MGM Resorts International in eyeing the casino resort business in Japan

The company is currently owned by Seminole Tribe of Florida and has identified a number of potential partners. Its Japan arm will be operated by Edward Tracy, a veteran in the casino industry.

Analyst conclude that it is the country's wealthy population and tourist appeal that can help boost the casino market there, thus making Japan the second-biggest casino market behind the United States.

Source: http://www.reuters.com/article/us-japan-casinos-hard-rock-idUSKBN16100V

 


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8 comments for "Hard Rock joins Race for Japan Casino"

 doubletop7773/3/2017 9:12:49 AM GMT
I cannot blame Hard Rock for wanting a piece of the Japanese market as i think this will be huge. Japanese horse racing is massive, the amounts of money gambled is astronomical, and the Casino market should be the same.
 Robbo19903/3/2017 9:18:27 AM GMT
in time for the olympics no doubt
 pajalnick3/3/2017 1:13:01 PM GMT
in Japan a lot of money are concentrated and of course a variety of companies are looking to get their piece of the pie .... it is understandable ..... but is known institution like Hard Rock Cafe, and his attempts to get the money from gambling is of course nonsense
 dule-vu3/3/2017 2:47:40 PM GMT
it would be great for all players who wants to play casino games normally,so why not to allow then to expand in japan!even if you are tourist and want to try your luck!it would be nice that every country allow legal gambling,for everybody who wants to try this sort of games!
 bowie19843/4/2017 12:10:24 AM GMT
Posted by pajalnick:
in Japan a lot of money are concentrated and of course a variety of companies are looking to get their piece of the pie .... it is understandable

Besides that pie is going to be less than tasteful after they meet in person with some of current 'caretaker' of this forbidden japanese gambling industry - the yakuza...
 pochui3/4/2017 8:52:44 AM GMT
i am absolutely delighted with the humble fact that the hard rock owners known as hard cocks finally decided to step out of their shell and put in their balls into the japanese market, which is not an easy market to penetrate, therefore the help for our very own flashfaust01 will be needed for sure.
 Tony_MON7ANA3/4/2017 6:36:42 PM GMT
I have been to several Hard Rock Hotels and Casinos in the USA and loved their rock-themed decorations and atmosphere. And the female dealers, cocktail servers were super hot! I can't wait to see the Hard Rock Casino and Resort in Japan.
 Mober3/4/2017 8:04:20 PM GMT
I didnt know that these establishments werent allowed in japan.
They are after some more money with this move, with keeping locals there,
plus hitting the surrounding competition, offering this kind of entertainment.
And why not

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