The Genting Group recently missed out on an opportunity to expand into Spain when its Genting UK subsidiary lost a bid for a new casino planned for Andorra. However, it may not have necessarily been a bad thing. According to at least one brokerage, the company could be a favorite to be awarded a gambling license in Japan.

Maybank Kim Eng Securities said last Sunday that Genting, through its Genting Singapore subsidiary, “stands a good chance to win a licence thanks to its responsible gaming experience and solid net cash position.” It added that lawmakers in Japan repeatedly refer to measures taken by casinos in Singapore to ensure social responsibility. As one of the most successful operators in the country, Genting Singapore has a distinct advantage for a Japanese license.

Samuel Yin Shao Yang, the Maybank analyst who provided the report, pointed out that Genting Singapore, which operates Resorts World Sentosa, has cash reserves of more than US$2.2 billion. This would go a long way for any casino development in Japan, giving it a great amount of strength in the bidding process.

After an intense battle over gambling in Japan that forced the legislative session to be extended, the country finally approved the Integrated Resort Implementation Bill last Friday. The bill authorizes three large-scale gaming operations to be built initially, with the possibility of more added following a review after the first seven years of operations.