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MGM-Orix Consortium Could Benefit from Japan Election Results

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3 years ago

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Reading Time: 2 minutes

 

The result of Japan’s general elections is positive news for the country’s IR industry and in particular for the chances of the MGM/Orix consortium in Osaka after surprise gains by the Ishin To Party.

The right-wing party almost quadrupled their seats from 11 to 41 making it the third-largest party in the country. In Ishin’s stronghold of Osaka, the party banished the LDP completely and cornered 14 of the 18 seats.

“In the IR space, if Osaka was already the firm favourite prior to the election, it is even more certain now that they will bring the license bacon home and Bill Hornbuckle can start heating up the grill in his backyard and invite his ORIX partners for an early celebration barbecue. The LDP will now need their friendly opposition ‘partner’ more than ever and will be eagerly serving the IR license to Governor Yoshimura in a sterling silver platter,” said industry executive Daniel Cheng, who has been closely following the IR license procedure in Japan.

Overall, the ruling Liberal Democratic Party returned to power, removing other potential political upsets to the licensing timetable.

“The road looks clear for the continuation in the ongoing six-month host bid submission window which will close on 30 April 2022 after which up to three cities and their associated development consortiums will be selected a few months after,” Cheng said.

For Nagasaki and Wakayama, it is more of the same as the aftermath of the election saw an unchanged ratio of ruling vs opposition legislative seats. In the capital, the ruling party lost some ground to the opposition but it is unlikely to prevent Governor Koike from making an IR bid if she so decides to.

Two IR hopefuls on the sidelines saw contrasting fortunes. The LDP lost ground in Fukuoka losing 3 seats when it previously held all 11 seats; conversely, the LDP gained ground in Aichi winning 3 more seats. That puts the latter in better stead should they throw the dice in the pot if less than three licenses are issued from the present bidding round.

“Hokkaido is the other big story in my view, namely Tomakomai City which was the de facto IR site for the prefecture but withdrew over a year ago,” Cheng said. “There are many anticipating a Hokkaido comeback in the IR race at some juncture whether 7 years later or sooner, circumstances permitting.

At the prefectural level, the election results were even-stevens where the LDP and the opposition started and ended with 6 seats each, but not in the same districts. Particularly, Hokkaido District 9 which encompasses Tomakomai City fell into the hands of main opposition political party, CDP. This was despite having both Prime Minister Kishida and former Prime Minister Abe campaigning in Tomakomai City last week to rally support for LDP incumbent, Manabu Horii.

This will add another headache for Tomakomai Mayor Iwakura in his crusade to bring an integrated resort into his town as the CDP is staunchly anti-IR.”

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Asian Poker Tour Announces Cancellation of APT Manila 2025

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2 days ago

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March 31, 2025

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The Asian Poker Tour has announced the cancellation of APT Manila 2025, which was scheduled to take place from May 30 to June 8, 2025, at the City of Dreams Manila.

The next scheduled APT tour stop following the upcoming APT Taipei 2025—running April 25 to May 4 with a TWD 70M (~USD 2.1M) guaranteed Main Event—will be the APT Incheon 2025; boasting a KRW 2.5M buy-in Main Event with a KRW 1.5B (~USD 1M) guarantee running August 1-10 at the Paradise Hotel & Resort.

This will be followed by the APT Jeju 2025, which boasts a KRW 2.6M buy-in Main Event with a KRW 2.2B (~USD 1.5M) prize pool guarantee and runs from September 26 to October 5 at Jeju Shinhwa World.

The 2025 APT poker schedule will conclude with the thrilling end of year APT Championship (APTC), which runs from November 14-30, 2025 at the Red Point Center’s brand new “Red Space” venue located in central Taipei.

The APTC Main Event boasts a massive TWD 165 million (~USD 5 million) prize pool guarantee – the largest the tour has ever offered.

Players can win their seat to this exciting TWD 350,000 (~USD 10,700) freezeout by competing in the tour’s three signature events—the APT Main Event, the APT High Roller and the APT Super High Roller—at each of the three remaining APT tour stops preceding the APTC.

The post Asian Poker Tour Announces Cancellation of APT Manila 2025 appeared first on European Gaming Industry News.

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Asia

Birmingham City Forms Alliance with GOD55 as Their Official Asian Betting Partner

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2 days ago

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March 31, 2025

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GOD55, a premier online gaming platform and leading operator in Southeast Asia, is proud to announce its partnership with Birmingham City Football Club as the club’s Official Asian Betting Partner.

Established in 2016, GOD55 has become one of the biggest and most trusted brands in the online gaming industry, offering a wide range of betting and entertainment options, including casino games, sports betting, and live dealer experiences. Leveraging cutting-edge technology, the platform provides users with seamless mobile and desktop access, real-time data integration, and high-quality streaming for live events.

As part of this exciting partnership, GOD55 has launched an exciting announcement film, filmed on location at Birmingham City’s St. Andrew’s @ Knighthead Park and Elite Performance Innovation Centre.

A spokesperson for GOD55 commented: “We are delighted to partner with Birmingham City, a club with a rich history and a dedicated global fanbase. This collaboration reflects our commitment to connecting with football enthusiasts and delivering an enhanced entertainment experience. Together, we aim to engage fans in innovative ways, celebrating the beautiful game while offering a world-class gaming platform for our users in Asia.”

Birmingham City also expressed their excitement about the partnership: “We’re thrilled to welcome GOD55 to the Birmingham City family as our Official Asian Betting Partner. This partnership highlights the club’s growing international appeal and provides an opportunity to further engage with our supporters in Asia. We look forward to working closely with GOD55 to achieve great things together.”

The post Birmingham City Forms Alliance with GOD55 as Their Official Asian Betting Partner appeared first on European Gaming Industry News.

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FOMO7 Expands Platform with 46 New Indian Lottery Games

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6 days ago

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March 27, 2025

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FOMO7, a trusted name in online entertainment, has unveiled a massive update to its gaming platform with 46 exciting new Indian lottery games, giving players even more chances to win guaranteed prizes in addition to their regular winnings.

This new launch brings a diverse mix of India’s most beloved lottery formats, including:

• Kerala Lottery

• Speed Matka Lottery

• Daily Matka Lottery

• Dear Lottery

• Daily Pick3, Pick4 & Pick5 Lotteries

• Wingo Lottery

With minimum bets starting at just ₹6, draws are held as frequently as every minute, and scheduled daily, weekly, and at popular time slots like 8 AM, 9 AM, 5 PM, 8 PM and 10 PM, offering a dynamic and rewarding experience for both casual and seasoned players. Top winnings go up to ₹10 Crores, making this one of the most lucrative opportunities in the online lottery space today.

In addition to its rich selection of lottery games, FOMO7 offers a comprehensive gaming experience with casino games, sports betting, instant sports and classic live sports, catering to all kinds of online gaming enthusiasts.

The post FOMO7 Expands Platform with 46 New Indian Lottery Games appeared first on European Gaming Industry News.

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