Quote of the Day

“The framework seems to become more restrictive by the day and when coupled with what are likely to be astronomical project costs, could result in some of the biggest operators sitting this one out. In other words, Japan is on the verge of one-upping the failed gaming expansions of Korea and Vietnam by moving forward with a gaming construct that 1) can’t fulfill the number one stated goal of Japan’s IR development – tourism growth – and 2) is so poorly designed [49,212 square feet of casino] that ROIs shrink to a level that makes participation on the part of the global IR developers much less likely.” Union Gaming Group analyst Grant Goversten on Shinzo Abe‘s formula for casino megaresorts.