Yokohama Establishing New IR Promotion Office

The Yokohama municipal government is establishing a new “IR Promotion Office” to guide its policies into the more active phase of IR development.

Tennis Champion Naomi Osaka Becomes Melco Brand Ambassador for Yokohama IR Bid

Melco Resorts & Entertainment made several major announcements at a press event in Tokyo on Tuesday, including that Japanese tennis champion Naomi Osaka has become brand ambassador and sports group director for the company’s Yokohama IR bid.

Suncity Outlines Plans for Wakayama IR

Suncity Group has revealed its plans for an IR featuring the traditions, history, and natural landscape of Wakayama.

Three Airports Part of MGM’s “Osaka Only” IR Bid

Resorts and Orix Corporation clarified that all three regional airports—Kansai International Airport, Itami Airport, and Kobe Airport—will be associated with their consortium’s bid to build an IR at Osaka Yumeshima.

Sands Envisions US$10-12 Billion IR Investment in Yokohama

Las Vegas Sands executives told an earnings conference call that they are focusing attention on their Yokohama bid, which they envision will involve an investment of US$10-12 billion.

Resona Bank Creates Yumeshima IR Development Team

Resona Bank Vice-President Hajime Kosaka has been giving a series of interviews to Japanese newspapers explaining that his firm has established a sixteen-department, fifty-person project team dedicated to the development of the prospective Yumeshima IR and the 2025 World Expo.

Galaxy Pitches for Osaka Yumeshima IR

For those who believe that MGM Resorts has already tied up an IR race victory in Osaka, Galaxy Entertainment would beg to differ, holding a press event in the city on Wednesday and making their local pitch.

Anti-Casino Rallies in Osaka and Tomakomai

Casino opponents continue to raise their voices across the country, with rallies having occurred this week in Osaka and Tomakomai, both municipalities candidates for an IR development.

Cashless Gaming and Artificial Intelligence Will Reshape Casinos

Cashless gaming, artificial intelligence, and facial recognition technology will reshape casinos, but regulation will remain a key hurdle for years to come, said a panel of experts in Las Vegas last week.

Of MICE and Myths

Japan has made the highly lucrative MICE business one of the key pillars of its integrated resort policy, though it’s unlikely to knock Singapore off its perch as the regional leader any time soon, even with its shiny new properties.

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IR Not Welcome in Kyoto

Yoshio Tateishi, head of the Kyoto Chamber of Commerce & Industry, made clear in a press conference on Tuesday that although his organization will support Osaka in its bid to build an IR at Yumeshima, the ancient capital of Japan itself has absolutely no interest in hosting its own such facility.

Gambling Addiction is a Family Affair

A survey of gambling addicts in Japan has found that in more than 80% of cases family members have taken on personal financial debts in an attempt to assist their afflicted loved ones. In many cases, the gambling debts taken on by the families exceeds several tens of thousands of dollars.

Abe Scandal Flares Up Again as IR Debate Commences

The long-awaited parliamentary debate on the IR Implementation Bill began Tuesday in a plenary session of the House of Representatives, but on the very eve of its commencement a revelation regarding one of Prime Minister Shinzo Abe’s swirling scandals shook the government anew.

Fitch Says MGM Credit Profile Improving

Fitch Ratings has reaffirmed the credit rating of MGM Resorts and its MGM China unit, saying the group’s credit profile is improving.

Atlantic City’s Hard Rock Casino Resort to Open June 28

The former Trump Taj Mahal casino is being rebranded as a Hard Rock property. It is one of two shuttered casinos due to reopen this summer, along with the former Revel casino, renamed the Ocean Resort Casino.