Fitch sees $7b gaming revenue in Japan

    Ratings agency Fitch says it expects Japan to generate about $7 billion in gross gaming revenues, based on two integrated resorts with 500 table games and 3,000 slot machines each. It sees respective win-per-day rates of around $15,000 and $600. Fitch says the risks are largely unknown at present, but limitations or entry levies on locals or a high gaming tax rate, could hinder return on investment. Other concerns include a relatively high corporate tax rate and an often volatile yen exchange rate. Operators in a strong position to bid for a license include Las Vegas Sands Corp.; Genting Group; Wynn Resorts, Ltd,; MGM Resorts; Galaxy Entertainment; and Melco Crown Entertainment.