Japan Might Be The Next Big Casino Market

After the Japanese parliament gave final passage to a law allowing for the large-scale gambling operations, casino stocks reacted immediately:

MGM Responds

So far, MGM Resorts is the only of the big casino names to address the news in a press release.

The company said the changes will allow the opportunity for "significant growth," and that the company is already well prepared to pursue expansion efforts “after years of study in the region.”

“With an established, full-time development team in Tokyo pursuing discussions in Japan's cultural and business communities, MGM Resorts is well-prepared to pursue future expansion efforts,” said MGM, later stating that the announcement will facilitate advancing relationships to “create a coalition of Japanese business partners who will collectively define a vision for a uniquely Japanese, world-class integrated resort.”