Casino Developers Will Have to be Patient on Japanese Regulation, Says Analyst

Casino Developers Will Have to be Patient on Japanese Regulation, Says Analyst

Global casino operators are bending over backwards to get a piece of the future Japanese casino industry, but they may have to wait just a little bit longer.

Union Gaming Analyst Grant Govertsen believes Japan is unlikely to develop a framework of regulation for casino gaming until the fall and it will likely be an ‘October or November’ event.

The Japanese Diet passed its Integrated Resorts Promotion Bill in December, after years of mulling the issue, paving the way for the opening up of a market with the potential to become the second biggest in the world, after Macau. But Japan has not regulated casino gaming, not yet, at least.

The Integrated Resorts Bill was an enabler, giving the Diet a 12-month deadline to prepare a framework of regulation, which will lay down licensing requirements and measures to protect problem gamblers from using casinos.

No Movement in Spring

With the Diet’s ordinary session getting underway nice and early, on January 20, it was hoped that process would begin soon, but not so fast, says Union Gaming Analyst Grant Govertsen. There is unlikely to be any movement on regulation during the spring session, he said in a note this week.

‘Rather, we think the Diet has already made the decision to handle the IR bill during the fall special session, suggesting that it is more likely going to be an October or November event,’ Govertsen said.

Prime Minister Shinzo Abe’s ruling Liberal Dem […]

William Hill’s Largest Shareholder Needs Sale of Gambling Company

William Hill’s Largest Shareholder Needs Sale of Gambling Company

William Hill is once again at the center of merger speaks, but this time the business’s shareholder that is largest wants it become the goal of a takeover.

William Hill is presumably back on the trading obstructs after the company’s chief stakeholder reportedly called for the group to locate a buyer that is potential.

Parvus resource Management, a London-based hedge fund that controls 14.3 percent for the British bookmaking and gambling business, is reportedly pushing William Hill to simply accept a takeover that is qualified.

According to The Sunday days, A british weekend newspaper, Parvus thinks William Hill should turn to be obtained by, or merged with, another leading online gambling firm. Possible suitors include GVC Holdings, as well as 888 Holdings plus The Rank Group, the two latter which attempted to purchase William Hill summer that is last.

Both Parvus and William Hill declined to comment, but speculation is running rampant in britain as a result of hedge fund’s considerable power.

Started in 1934 by the business’s namesake, William Hill employs some 16,000 people today. The bookmaker has 2,370 real betting shops across the UK, which compliments its online gaming network.

Up to Parvus

It had been just last October that the investment team publicly blasted William Hill’s potential aligning with Amaya, the Canadian-based business that owners PokerStars.

Parvus stated at the time, ‘We strongly encourage […]

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