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Michael

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Fitch: Ten-Year License Renewal “Biggest Obstacle” to IR Financing

Fitch Ratings has conducted a tour of Japan and offered a “special report” revising some of its previous estimates about the prospects for the Japan IR market, but it also raised a warning flag over the implications of the IR license renewal system.

Sega Sammy Creation Installs First Slots in Macau

Sega Sammy Creation has announced the installation of its first slot titles in Macau, and says it is optimistic about the future of its slot games in the Asian market.

Melco Announces “Yokohama First” Policy and Gives Up on Osaka

Melco Resorts & Entertainment announced on Wednesday that it would focus its IR campaign on Yokohama and that it was suspending its participation in bidding for the Osaka Yumeshima location.

Yokohama City Council Committee Approves IR Budget

A committee of the Yokohama City Council wasted little time in approving an amended budget including expenses for IR development, angering the opposition which denounced the move as contrary to the democratic spirit.

Tokyo Governor Keeps Options Open on IR Development

Tokyo Governor Yuriko Koike continues to send mixed signals on whether or not she intends to declare an IR bid for the Japanese capital, with observers on all sides trying to guess her intentions.

New Polls Underline Public Opposition to Casino Legalization

New public opinion polls clearly indicate that most of the Japanese public remains opposed to casino legalization in the country, and the fact that conservative politicians have pushed pro-IR policies through at the national level has not changed the negative opinions of most ordinary people.

Kuwana Mayor Supports IR Bid Investigation

Kuwana Mayor Narutaka Ito indicated at a press conference on the 13th that he supports an investigation by the Mie Prefectural Government of an IR bid, and his comments suggested that he views an IR as a potential benefit to his community.

Anti-Casino Rallies in Yokohama and Osaka

Saturday the 14th witnessed two separate rallies by opponents of casino legalization, one in Yokohama and the other in Osaka.

Kyushu IR Alternatives to Sasebo Under Discussion

Although the Nagasaki Prefectural Government has been trying to consolidate “All-Kyushu” support for its IR bid, alternatives to the Huis Ten Bosch site in Sasebo city continue to be discussed.

Okada Manila August Revenue Up on VIP Growth

Universal Entertainment has announced that Okada Manila saw a substantial rise in gross gaming revenue in August 2019, driven by a boost in its VIP business.

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Casino Legislation Remains Deeply Unpopular

Among Japanese lawmakers, dominated by conservative political parties, there is strong support for passage of the IR Implementation Bill in the current Diet session, but the latest poll by the Kyodo News agency shows that the legalization of casino gambling remains deeply unpopular with the public at large.

Sega Sammy’s Haruki Satomi Speaks of IR Ambitions

Haruki Satomi, president and COO of Sega Sammy Holdings, as well as the son of company founder Hajime Satomi, was interviewed on CNBC on May 4, speaking of his company’s IR ambitions.

EY Wins Wakayama RFI Consulting Contract

On Thursday, the Wakayama Prefectural Government announced that it had selected the auditing firm EY to conduct its RFI process with IR operators.

Bloomberry Resorts Eyes Wakayama IR Bid

Philippines-based Bloomberry Resorts, the operator of the Solaire Resort in Manila, was an early mover on seeking an IR license in Japan, and their main interest appears to have converged on Wakayama’s Marina City location.

Wynn Resorts Appoints First Sustainability Officer

Wynn Resorts has announced the appointment of Erik Hansen as the company’s first Chief Sustainability Officer.