Участник:Osaka's New IR Could Have Negative Impact On Macau Gambling Market

Legalizing the Japanese market is likely to have a negative impact on Macau as well as other regional casino centers. This is because tourists from Japan will reduce their gambling trips to Macau.

Japanese Prime Minister Fumio Kishida has released major news related to the new gambling scene. The construction of an integrated resort in Osaka has been approved by the Japanese government. The integrated resort will be built by MGM Resorts International and local company Orix.

Positive impact on the gambling industry:

Ryan Hong-Wai Ho, a lecturer at the Center for Game and Tourism Studies at Macau Polytechnic University, disagrees with the argument that this will negatively affect the Macau gambling scene. He thinks the development of new casinos will have a positive impact on the global gambling industry in many ways.

Ho said, "Japanese and Korean tourists are an important source of customers for casinos in the Asia-Pacific region, and opening casinos in Osaka may provide an opportunity to attract more customers from this neighborhood. From a different perspective, emerging game jurisdictions like Japan and Thailand, as in the case of Macau's game industry liberalization, will mean a great demand for talent with practical game management experience."

Yu Yiohong, president of the Macau Game Promoters Association, believes that the Osaka market will be a big competitor to the Macau market with its already developed tourism. Many tourists from mainland China already visit Osaka, and the number will increase with the development of the city's game industry. Osaka's airport should also be considered: it has more routes than Macau. Also, while people stay longer in Osaka, visits to Macau are often short.

Rising popularity as a priority:

On top of that, Macau's gambling market is still dependent on the mainland market under the influence of the COVID-19 pandemic, and a key step toward popularizing the market must be to find ways to increase Macau's gambling center's popularity with foreign tourists.

Japan's tax rate is 30% lower than Macau's, and it's no surprise that MGM resorts have decided to operate in Osaka. Macao's concessions have to pay the state about 40% of the GGR.

But anyway, Macau is now facing a golden age with a few years to go, as the opening of its first Osaka casino is scheduled . 온라인카지노