Japan's integrated resorts, maybe some day in this decade?
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[{"id": "gqu6zv1", "text": "&gt;* Japan doesn\u2019t have a single casino in the country\n\nThey have pachinko parlors everywhere, they a uniquely japanese form of gambling but in practice they're basically slot machines. \n\n&gt;* Integrated Resort Act of Japan passed in July 2018 legalizes casino gambling in up to three integrated resort areas in Japan, with the maximum to be reassesed seven years after the opening of the first integrated resort.\n\nOkay? So are you posting this for the ceo of sands, mgm, etc? Because that's who's gonna care because theres literally like a dozen people in the world that would want to and actually could pull something like this off. They are not going to read this post.", "replies": [{"id": "gquglhm", "text": "Panchiko parlors are not casinos.\n\nWho could care? Those interested in learning about future hot spots of economic activity. Generally, you want to own real estate in markets with strong economic tailwinds.", "replies": [], "depth": 2}, {"id": "gqugpa9", "text": "I agree that this post is pretty limited to a few billion dollar capital sources. But I also wouldn\u2019t discredit specific sub-reddits either. Verified from Fatfire are dozens of deca millionaires active on Reddit!", "replies": [{"id": "gqukgle", "text": "For sure! Let's say Yokohama gets a license. Small businesses looking to be nearby the action will want office space. Some class B/C office building go for a few million. Integrated resorts are massive developments and operations that will require lots of workers. Some houses or apartment units go for less than a few hundred thousand.", "replies": [{"id": "gquyq8b", "text": "Okay I will agree it\u2019s a tangential benefit but pretty speculative IMO. What\u2019s the closest analogy in the US? Disney?", "replies": [{"id": "gqv0pmw", "text": "Yeah, speculative for sure. Just trying to get my head around what's going on at the moment. Hmm, analogy - that's a good question. Disneyland Resort in Anheim is an integrated resort (minus a casino) with a site area of 100 acres, so yeah, it's a good proxy.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gquajy2", "text": "Well if I ran a Japanese conglomerate with the political capital to get one of those three licenses, I would buy Spa World in Osaka and convert it to an integrated onsen-casino. The place is awesome but could use a facelift. The combination of steam, alcohol and gambling should equal max profits, although added maintenance on the slot machines would be a concern.\nPersonally, I'd just like to gamble naked.", "replies": [{"id": "gqugybk", "text": "LOL. Have never been to Spa World in Osaka - but will have to check it out some day. If Osaka gets a license, I wouldn't be surprised if someone tries to make a play out of Spa World. Sounds like an interesting repositioning/redevelopment.", "replies": [], "depth": 2}], "depth": 1}, {"id": "gquni1z", "text": "Lol gambling is illegal in Japan", "replies": [], "depth": 1}]