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Operators, however, have been keen to flash their wallets, with Melco, Sands and MGM all publicly saying while the Japanese government was debating the law that would allow casino licenses to be issued, that they would be willing to invest up to $10 billion to be able to open their own resort. Osaka hopes that the integrated casino resort could be built in a man-made island called Yumeshima on the city’s waterfront. Once the home to countless factories and shipyards that rose out of the industrial boom of Osaka in the 1970s, the area has long since fallen into neglect and city officials have tried in vain to find ways to resuscitate the dying waterfront area. On top of that, Osaka’s drive to boost tourism has already seen significant results, with over 11 million people visiting the city last year thanks to its thriving culinary scene and nearby attractions. The regions major casino players, thrilled by the astonishing success of neighbouring Macau, have been chomping at the bit to get a piece of the Japanese market. “This is the greatest opportunity of my lifetime,” Melco’s Ho told Reuters by phone.
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Pennsylvania has been on a roll gaming wise for the last 10 years, and that was fueled in large measure by The Great Recession. In the last decade, Pennsylvania is second only to Nevada in revenue generated from gaming. Currently, the state operates 30 different gaming venues statewide. These gaming entities include racinos (horse tracks with slots or video games included), casinos and casino-resorts, and horse racing venues. The state legalized gaming at truck stops and airports in 2017. In the fall of 2017, Pennsylvania approved a bill that legalized online gaming, making it the fourth state to legalize online gaming following Nevada, New Jersey, and Delaware. The state legislature voted to allow online casino gaming and began accepting petitions from the casinos earlier this month. Casinos that apply within the first 30 days can get their licenses for $10 million. After the first 30-day window for petitions, casinos can apply for an additional 30 days, but it will cost them $12 million to get a license. If the casino wants to be able to operate all three types of online gaming– slots, table games, such as blackjack and baccarat, and poker — it must pay the full amount. If the casino only wants to operate one of the forms of online gaming, the license will cost $4 million.
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