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.

Osaka’s IR Plans Lose Some of Their Sparkle

From last November, when Osaka won its bid to host the 2025 World Expo, until August of this year, when Yokohama announced that it was entering the race, Osaka Yumeshima was looking like it would become host to the grandest and most successful IR in Japan.

Japanese Public Left Behind in IR Race

The race to gain one of the three available IR licenses is advancing into the decisive stage, with Japanese local governments and international IR operators eagerly lining up for approval. However, the Japanese general public remains broadly on the sidelines, not waiting in anticipation, but rather sullenly watching developments they don’t approve of.

Yokohama Chamber of Commerce Launches Pro-IR Organization

Having telegraphed its intention to do so since March, the Yokohama Chamber of Commerce & Industry has finally launched its pro-IR organization, dubbed the “Yokohama IR Promotion Association.”

Tokyo Mulls IR Development in Odaiba Aomi Area

The Tokyo Metropolitan Government has announced a series of consultations with private companies over its tentatively-named “Tokyo Bay Area Vision,” which explicitly includes the possibility of an IR bid for the Aomi area of Odaiba.

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Wakayama Seminar

Wakayama IR Business Connect Seminar Fully Subscribed

The upcoming Wakayama IR Business-Connect Seminar has been fully subscribed, attracting over 200 companies from the Wakayama as well as greater Kansai Region.

Bloomberry Caught Up in Bangladesh Bank Heist Legal Case

Bloomberry Resorts said its gaming unit has been cited in a US civil case attempting to recover funds stolen from Bangladesh’s central bank.

Government Proposes Voluntary Measures to Combat Gambling Addiction

The central government is proposing new measures to combat the gambling addiction associated with pachinko, horse racing, bicycle racing, etc., but its unwillingness to make any of the new measures legally obligatory is expected to draw criticism from health professionals and other stakeholders.

Tokyo Adopts Revised Tsukiji Redevelopment Plan

The Tokyo Metropolitan Government decided on Friday to adopt the proposed plan for the redevelopment of the former Tsukiji fish market as an entertainment area hosting an international conference center. The initial proposals were revised, however, by emphasizing that “food culture” would be a major theme of the redevelopment.

Galaxy Entertainment Bringing Manchester City Football Club to Japan

Macau-based IR operator Galaxy Entertainment announced on Wednesday that they will sponsor the annual “EuroJapan Cup” for two consecutive years beginning this summer. Within this framework, English Premier League champions Manchester City Football Club will play the Yokohama F. Marinos at Yokohama’s Nissan Stadium on July 27.