Mon, Dec 10, 11:01am by Staff Writer
The legalisation of casino gambling of Japan looks set to have a Gold Coast connection with the Tokyo based Global Sky Group looking to strengthen its connection with the city.
Earlier this year, Japan passed through legislation to allow the establishment of casino resorts within the country in what is hoped will increase tourism and growth in the nation.
The Global Sky Group is a leading international provider in custom solutions for education, food and beverage and wind engineering.
Ko Nagata, director of the Global Sky Group states “we have recognised the importance of the hospitality sector in Japan.”
“For the past three or four years, the number of inbound tourists has almost doubled. There has been a tourism boom.”
The company has sizeable business interests within the Gold Coast which include three childcare centres. Their portfolio includes Australian and New Zealand themed restaurants, English language schools and wine importer Winetree.
The Gold Coast Bulletin reports that with the new casino legislation, Mr. Nagata states that the Japanese government have approved for the opening of three casinos, called integrated resorts.
He believes that Global Sky Group can play a role as a third-party intermediary and facilitate training of their staff who can then potentially work at these resorts.
“Each of these resorts could need 20,000 staff. One of our biggest clients is Japan Casino School. What we want to do is jointly send the students to the Gold Coast for work experience and they come back to Japan and find a job.”
He states “we are looking for some business agreement with Star Group.”
According to Mr. Nagata, this forms part of the company’s plan to become an educational content provider with the view to becoming listed on the ASX in the next few years.
TOKYO-based company Global Sky Group will look to enhance its ties with the Gold Coast following the legalisation of casino gambling in Japan.
— KAI (@kaismagazine) December 5, 2018
Global Sky Group also intend to further develop its presence within the childcare sector within Australia, where they currently have 11 child care centres across the Gold Coast, Adelaide, Rockhampton and New Zealand.Mr Nagata states “our company is not a chain kind of childcare group. We are aiming to be a boutique group with the best centres in each area. That is our concept.”
He adds “we are planning to change the names from childcare to early learning centres, because we want to make it more about the education.”
Integrated resorts were first developed in Las Vegas, considered the gambling capital of the world in an attempt to get more people into the city. In recent times, Singapore has adopted an integrated resorts model to revive it’s tourism sector, employment rate and economy.
Lawmakers in other countries have taken attention of this which has led to Japan adopting the integrated resorts model. In Singapore, the Marina Bay Sands earns more than 70% of its revenue from casino gambling.
Osaka is considered the leading candidate of an integrated resort. Tokyo and Yokohama have also looked into having one, while Tomakomai on the northern island of Hokkaido, Wakayama in Central Japan and Sasebo in Nagasaki are possible other locations.
Major international casino operators have expressed an interest in establishing a resort in Japan including the United States based Las Vegas Sands and Hard Rock International, Macau resort operators Galaxy Entertainment Group and the Malaysia based Genting group.
Sega Sammy Holdings who own a 45% share of South Korea’s first integrated resort, Paradise City Incheon and slot machine maker Konami Holdings represent some of the local interest in establishing a resort.
Goldman Sachs estimates that 57% of visitors of Japanese casinos are expected to be locals which is a considerably higher average of 29% for locals across Asian casinos.
According to the Japan National Tourism Organisation, the country welcomed nearly 16 million international visitors in the first half of 2018, up 16% from last year.
If three resorts open, Goldman Sachs estimates the nations casino market to be worth 1.75 trillion yen ($15.8 billion USD), which would make Japan the world’s second-biggest gambling market, after Macau.
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