SJM Holdings is being buffeted by bad news as it has once again pushed back the completion date of its Grand Lisboa Palace resort at Cotai and reported a small decline in gaming revenue in the January-June 2019 period.
Although widely considered one of the most likely prefectures to win an IR bid, a survey conducted by the Hokkaido Shinbun reveals that the Hokkaido Prefectural Assembly might, in fact, block the establishment of an IR within its jurisdiction, potentially bringing to naught the bids of Tomakomai city and Rusutsu village.
In another measure to clear up regulatory issues for the anticipated IR bid, the Osaka City Urban Planning Council has agreed by majority vote to change the zoning designation of about 143 hectares of Yumeshima island to a “commercial zone” from its current status as an “industrial zone” or “semi-industrial zone.”
Despite the less than enthusiastic posture of other important local leaders, Nagoya Mayor Takashi Kawamura, a habitual political maverick, is pushing ahead with investigations of a possible IR bid from his central Japanese city.
Sasebo Mayor Norio Tomonaga’s visit to the University of Macau at the end of last week highlighted the growing links between the two parties regarding the development of the IR industry in Japan.
MGM Resorts on Thursday agreed to pay up to US$800 million to victims of the 2017 mass shooting outside its Mandalay Bay Casino & Resort in Las Vegas.
Conservative Naomichi Suzuki defeated opposition-backed Tomohiro Ishikawa in the Hokkaido gubernatorial race, keeping open the prospect that Tomakomai city might be allowed to make an IR bid.
Melco Resorts has announced it will be launching a new pension fund plan and bonus scheme for its non-management staff.