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28-Nov-2019 21:59

However, in this case as well, it should be zero deterrent from the company's borrowing capacity going forward.

On the negative side, Wynn has been engaged in a bitter legal battle with his former Japanese partner billionaire Kazuo Okada who was ushered out of his Wynn interests due to what were claimed to be unsavory practices.

Going forward, assuming passage next week, each step forward by the Diet in creating the new IR reality for Japan, will move the shares.

Beyond that there will be further events to spike the stock: Passage of enabling legislation and after that, the big kahuna, an actual awarding of a license to LVS.

Originally, his intention was to time the opening of casinos with the 2020 Tokyo Olympics.

But strong opposition from the Komeito Party (Buddhist) who were then part of his coalition government blocked the move. Now the political climate has materially changed in Abe's, and the initiative's favor.

Median age: Male 45.6, Female 48.3 The average median age of Las Vegas visitors is 47.7 years. Others see a single resort area designated with existing transportation infrastructure in roads, rail and airline service that would bunch anywhere from 3 to 5 total properties to create a national destination, single legal casino resort, much as Las Vegas was before the legalization in Atlantic City. Assuming the legislature approves the bill next week, which is no certainty, but if they do, it would then require a second stage enabling act in which the parameters would be set for location, total number of resorts, and crucial elements like gaming tax rates, percentages of foreign ownership permitted, etc.

Still others see single casinos authorized for as many as 10 cities. This could take through next summer to define and pass.

Major global operators present outlook last week to officials.Despite strong support from the Prime Minister and a solid legislative majority, it's tough making a call on the outcome of the vote as of the moment.The parliamentary process in Japan, like most democratic countries, most closely resembles the making of sausage as US lawmakers often jest.Overall, the response was positive - however, that is not necessarily indicative of the result we can expect on the legislative floor.So the Japanese well-known penchant for civility and attentive listening may not necessarily auger the final vote next week.

Major global operators present outlook last week to officials.

Despite strong support from the Prime Minister and a solid legislative majority, it's tough making a call on the outcome of the vote as of the moment.

The parliamentary process in Japan, like most democratic countries, most closely resembles the making of sausage as US lawmakers often jest.

Overall, the response was positive - however, that is not necessarily indicative of the result we can expect on the legislative floor.

So the Japanese well-known penchant for civility and attentive listening may not necessarily auger the final vote next week.

Its appeal to the cultural love among Japanese for superb design and innovative use of nature and architecture produces a big plus for Wynn.