The ninth meeting of Osaka’s IR Promotion Conference was held on November 14, and it was agreed that the prospective Yumeshima IR should include an international conference center that can host more than 5000 people, which is nearly double the size of largest currently-existing conference center in the city and would be among the largest in Asia.
The 2018 Indian Gaming Industry Report by Meister Economic Consulting finds that the two tribe-owned casino resorts in Connecticut—Foxwoods Resort Casino and Mohegan Gaming & Entertainment—generate a combined US$3.7 billion in economic activity through taxes, job-creation, and other aspects.
All four Las Vegas-based operators which are in the hunt for an IR license in Japan reported strong financial results in the July-September period.
The Japanese brokerage Nomura agrees with the sentiments of the Osaka government in a November 9 research note that declares, “a win for both the World Expo bid and the casino license would be expected to boost investment returns and have a positive impact on Osaka's economy.”
Representatives from the junket sector on Tuesday urged for the local government to assist the sector in collecting bad debts and reduce gaming taxes, according to a report from Macau Business.
Undeterred by the opposition of the prefectural governor, Nagoya Mayor Takashi Kawamura indicated at a press conference on Monday that he was moving toward a formal declaration of his city’s IR bid intentions in the near future.
On Monday night it was announced that a fourth racehorse belonging to the Iwate Prefectural Horse Racing Association (Iwate Keiba) had tested positive for the steroid boldenone, although the authorities may now be closer to unravelling the mystery of where the scandal began.
Japanese gaming conglomerate Universal Entertainment reported net income of 168 billion yen (about US$1.5 billion) and net sales of 67 billion yen (about US$593 million) for the first nine months of 2018.
Hopes that Wynn Resorts had fully moved on from the Steve Wynn era were dashed last Wednesday when the scandal-plagued former chairman and CEO sued the company that he had co-founded. Steve Wynn also sued the Massachusetts Gaming Commission.