{"id":4074,"date":"2018-07-27T08:00:28","date_gmt":"2018-07-27T12:00:28","guid":{"rendered":"https:\/\/www.realmoneygambling.com\/?p=4074"},"modified":"2018-07-27T08:00:28","modified_gmt":"2018-07-27T12:00:28","slug":"sheldon-adelson-confident-of-japanese-casino-project","status":"publish","type":"post","link":"https:\/\/www.realmoneygambling.com\/news\/sheldon-adelson-confident-of-japanese-casino-project\/","title":{"rendered":"Sheldon Adelson Confident of Japanese Casino Project"},"content":{"rendered":"<p>\t\t\t\t<em>As far as good news go, Japan will soon welcome its first dedicated casino resort where three international operators will offer swanky properties to beckon the region\u2019s gamblers over. As the competition mounts so do appetites. Now, according to casino mogul Sheldon Adelson, he stands the best chance to notch up a license first.<\/em><br \/>\nYou can question Sheldon Adelson\u2019s acquittance or how he chooses to do business, but it works and so far as casinos go \u2013 Adelson has been a successful business with his <strong>Sands<\/strong> brand. It\u2019s exactly through Sands that Adelson believes he can get a firm foothold amidst a flurry competing bids.<\/p>\n<h2 id=\"adelson-is-an-old-dog-who-knows-new-tricks\">Adelson Is an Old Dog Who Knows New Tricks<\/h2>\n<p>Adelson may have been around for a while, but he has not grown complacent in his ways, prodding new opportunities to revitalize his business strategy. His ties with Japan go as far back as 1995 when he sold the rights for a computer expo, Comdex, to the Japanese behemoth SoftBank.<br \/>\n<a href=\"https:\/\/www.sfgate.com\/business\/article\/Softbank-Buys-Comdex-Show-For-800-Million-3045329.php\" target=\"_blank\" rel=\"noopener noreferrer\">The whopping sum of $800 million may have indicated that it was far from a favor<\/a>, and rather a businessman turning a pretty penny, but it worked \u2013 Adelson has been a known face in Japan, and surprisingly a rather trusted one.<br \/>\nMr Adelson\u2019s good repute in Japan is not just chalked up to a good deal or two. He\u2019s also a known face when it comes to running multi-purpose properties, i.e. MICE (meetings, incentives, conventions, exhibitions).<\/p>\n<h2 id=\"not-quite-done-just-yet\">Not Quite Done Just Yet<\/h2>\n<p><a href=\"https:\/\/www.japantimes.co.jp\/news\/2018\/04\/27\/national\/cabinet-approval-casino-bill-welcomed-osaka-politicians-international-casino-operators\/#.W1qyCPkza70\" target=\"_blank\" rel=\"noopener noreferrer\">The go-ahead by the Japanese\u2019s Diet<\/a> has been much energizing for the industry as a whole \u2013 mostly for the people who are planning to build it from the grounds up, to be fair. Adelson has been commenting on the likely adopting of casinos, come what may, but he has never been so sure about his own personal stake in it. Aged 84, he doesn\u2019t intend to retire just yet, if at all. His fortune is estimated at <strong>$40 billion<\/strong> and everything points that he\u2019s pretty much inclined to continue this.<br \/>\nJapan\u2019s brimming potential could easily make it the second-richest gambling venue in Asia, trailing behind perhaps such developed markets as Macau only.<br \/>\nHowever, Adelson and Sands will have to operate in a new jurisdiction where the Diet will expect <strong>high moral standards<\/strong>, which has been the veneer of the industry to the west. Even then, there have been quite a few substantial efforts to make sure that all gambling carried out in the main brands is fair and square, <a href=\"http:\/\/realmoneygambling.com\/news\/news\/charles-oakley-arrested-over-alleged-wager-fraud\/\">minus a few incidents here and there<\/a>.<br \/>\nStill, there\u2019s hardly any obstacles why Sands couldn\u2019t adjust to the rigoros local standards the Japanese government would expect all operators to uphold in the country. Adelson seems equally composed when it comes to <strong>meeting local regulations and moral obligations<\/strong>. His readiness to act and not contest important issues is what makes him a good and successful businessman.<br \/>\nMeanwhile, competitions such as Caesars and Wynn have been struggling to gain \u201cmoral points\u201d with Japan as both have been embroiled in scandals of their own making.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"As far as good news go, Japan will soon welcome its first dedicated casino resort where three international operators will offer swanky properties to beckon the region\u2019s gamblers over. As the competition mounts so do appetites. Now, according to casino mogul Sheldon Adelson, he stands the best chance to notch up a license first. You [&hellip;]","protected":false},"author":7,"featured_media":4075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[70,140,141],"class_list":["post-4074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-casino","tag-sands","tag-sheldon-adelson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sheldon Adelson Confident of Japanese Casino Project<\/title>\n<meta name=\"description\" content=\"Sheldon Adelson, the popular casino owner, has said that he&#039;s confident about the future of Japan&#039;s future casino resort.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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