International edition
September 18, 2020

In anticipation of a gambling bill

Konami looks for casino investment opportunities in Japan

(Japan).- In eagerness of legislation that would allow casinos in Japan, Konami is preparing the bodywork of a planned investment in the industry. The company has said that it’s already setting up a subsidiary, which it plans to use to enter a casino industry that’s estimated to be worth as much as USD 40 billion.

I

t doesn’t have the financial capabilities to bid on a casino license on its own, but Konami is looking into taking a minority stake in casinos if a partnership with a foreign casino operator presents itself.

Konami already has a foot planted in the gaming industry, having also dabbled in game software and “pachinko” pinball machines in Japan. Globally, Konami is also a distributor of slot machines, something company executive Noriaki Yamaguchi believes would be a nice lure for international casino operators looking to partner with local firms to secure any one of the available casino licenses the country will offer.

It’s a very useful ace to have as legislation gears up for the final stretch to determine whether we’ll see casinos get the green light in Japan this year. But while the whole industry waits on what the country’s Liberal Democratic Party does with the proposed legislation, you already have companies like Konami positioning themselves for what many believe to be an inevitable course of action. The early bird gets the word, so they say.

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