It is looking like there is more bad news to come. My worry now is that they will possibly be found not to be a suitable partner with the Melco licence in Macau and that it would also adversely affect any Japan bid.
This is looking alot more serious for Crown unfortunately over the next few years.
I was looking at CWN or SGR but they way things are looking at this stage SGR seems a far safer bet.
Japan could overtake Singapore as Asian gaming hub as casino bill looms
Japan could finally pass a long-awaited bill with the potential to transform the country into an international gaming destination, providing a fillip for the stumbling economy.
Gambling is officially illegal in the world's third-largest economy but the betting culture is widespread, most visibly reflected in the pachinko halls—arcade-style outlets where players can win money depending on the games' outcome—that dot city streets.
Now, after years of being sidelined, a bill to introduce integrated resorts (IRs), with hotels, casinos, malls and other entertainment facilities, stands a chance of being debated in parliament before year-end.
"This time, it's 100 percent happening," Kotaro Tamura, a Milken Institute fellow, told CNBC's
The Rundown.
Full story
http://www.cnbc.com/2016/10/24/japa...as-asian-gaming-hub-as-casino-bill-looms.html
