“Synergy” is the Keyword for Wakayama’s IR Bid

For many observers, Wakayama Prefecture’s bid to gain one of the three available IR licenses has looked like a long-shot, most of all because of the geography that places it so near the anticipated Osaka Yumeshima development.

Osaka May Be Ripe for an IR Rethink

At many points in the IR development process it seemed that Osaka’s leaders were running the most masterful campaign to gain one of the three available licenses, but it may now be time for Mayor Ichiro Matsui and Governor Hirofumi Yoshimura to step back, take a breath, and look at the situation with fresh eyes.

A Conversation with Nagasaki Vice-Governor Ken Hirata

AGB Nippon recently sat down for an exclusive interview with Nagasaki Vice-Governor Ken Hirata, who gave us the low-down on one of the best prepared local government IR candidacies, touching on a variety of issues of national significance.

Asian Casino Industry Battered by Wuhan Coronavirus

Had the three Japanese IRs already been open for business, the crisis over the spread of the Wuhan Coronavirus would have been very bad news for the industry, and Japanese gaming industry managers would now be grappling with most of the same difficulties facing Macau, Singapore, and the rest of Asia.

IR Operator View of the Risks of the Japanese Market

Genting Singapore, a major Asian IR operator deeply interested in the Japanese market, has been the most tightlipped of all of the bidders about their plans for the country. This changed significantly on Monday, however, with the issuance of an 84-page “Circular to Shareholders” that outlined a number of key points about the company’s objectives.

Clairvest: Hokkaido’s IR Bid May Yet Reemerge

“Hokkaido is still a very strong location for one of the Japanese Integrated Resorts based on the concept of good food, good sports, and good nature. Our position is unchanged.” So says Robert Verdier, president of The Taffrail Group, which leads the Clairvest Group’s IR campaign in Japan, in an exclusive interview with AGB Nippon.

The Limits of the Abe Government’s Bulldozer Approach

On the issue of IR development in Japan, the Shinzo Abe government has, from start to finish, acted like a political bulldozer, assuming that the opposition parties and the majority opinion of the Japanese people could simply be swept aside by overwhelming force. This approach has indeed taken them a long way forward, but the costs are now mounting and the limits may be in sight.

Hokkaido White IR Fades Out

The decision by Hokkaido Governor Naomichi Suzuki to drop out of the Japan IR race does not simply remove one more local government from contention, it also represents the collapse of what was arguably the strongest IR initiative outside of the Kansai and Kanto regions, the regional IR which probably would have produced the highest financial returns.

Yumeshima IR Candidacy is Osaka Government’s to Lose

It seemed that all and sundry in gaming circles had considered it a foregone conclusion that Osaka will be a venue for one of the first three Integrated Resorts (IR) to be developed in Japan.

Japan’s MICE Industry Requires Right “Software” for Success

The Japanese government has made little secret that it sees the expansion of the MICE industry near the heart of its ambitions for the three IRs, but experts warn that it will take more than shiny new convention and exhibition centers to deliver success. Rather, it needs a social and educational transformation in Japan that has hardly begun.

Trending Articles

Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.

Casino Entry Fee Remains Point of Contention

Japan’s proposed anti-addiction measures are viewed as generally “well-balanced,” though a lowering of the casino entry fee should be considered, said experts at the Japan Gaming Congress on Friday.

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.