Imperial Pacific to Take Bloomberg to Court for Defamation

Bloomberg and two of its reporters are being sued in a Hong Kong court by Imperial Pacific International for defamation, Marianas Variety reports.

Keio University Seminar Provided to Melco Executives

Melco Resorts & Entertainment partnered with Keio University to give more than twenty of the IR operator’s foreign executives a seminar on Japanese history, culture, and business practices. The seminar took place in Tokyo on September 14.

SMBC to Launch Yumeshima Development Team

The Sumitomo Mitsui Banking Corporation (SMBC) has revealed that it will be launching a special “Osaka-Kansai Project Team” to focus on the development of the prospective IR and 2025 World Expo at Yumeshima, as well as some other projects in the region.

Lotte Tour Raises Funds for Jeju IR

Lotte Tour Development Co. is raising 240 billion won (about US$214 million) to complete the construction of its integrated resort on Jeju island in South Korea. Once completed, Jeju Dream Tower is set to be the tallest and largest landmark on Jeju island.

Murren: MGM Aims for Osaka

James Murren, chairman and CEO of MGM Resorts International, told the Japanese media on Wednesday that his company would be able to make its full contribution to Japan only in a major urban market, and that Osaka is the location he is aiming for.

Lawmaker Questions Pachinko Industry’s Fitness for IR Casinos

Constitutional Democratic Party of Japan lawmaker Takashi Takai delivered a broadside against the domestic pachinko industry’s hopes of participating in IR casinos in a series of pointed questions submitted to the government on May 9, suggesting that they are morally unfit.

Aichi Governor Launches Reelection Bid as Tokoname RFI Process Closes

Aichi Governor Hideaki Omura announced his bid for a third term on Thursday, declaring, “I would like to have responsibility for taking the lead in Japan’s future and furthering the development of Aichi.”

Analysts See Bright Economic Prospects for the Osaka Expo

Analysts are painting optimistic scenarios for the Osaka economy, as well as for the Japanese construction industry generally, in the wake of the local success in winning the 2025 World Expo.
Yumeshima-Kyoto Train Line

Keihan’s Vision of a Yumeshima-Kyoto Train Line Draws Nearer

Yoshifumi Kato, president and CEO of Keihan Holdings, who announced last year that it was “his greatest mission” to connect by railway the anticipated IR at Yumeshima, Osaka, with Japan’s ancient capital of Kyoto, is seeing his vision come nearer reality, according to a recent article in the Nihon Keizai Shinbun.

Tokoname Mayor Retiring Early

On April 21 Tokoname city will not only have its regularly scheduled city council elections, but also its mayoral race more than half a year early, due to the retirement of Mayor Norihiko Kataoka.

Trending Articles

IR Basic Plan Likely to Be Published in November

The IR Basic Plan, which is to lay out in more substantial detail the requirements and processes to make IR bids, is now expected to be published in November, according to a report in the Sankei Shinbun.

Suncity Launches Japanese Website and Wakayama IR Concept Movie

Making up for lost time, the Suncity Group has launched its Japanese-language website, complete with a high production value, five-minute movie outlining its concept for an IR at Marina City, Wakayama.

Saipan Mulls More Junkets

The Commonwealth Casino Commission (CCC) in the Commonwealth of Northern Mariana Islands will discuss an application for four new junket operators today, together with a contract extension for Imperial Pacific International’s chairman.

More Than Half of the World’s Gaming Machines in Japan

The number legally installed gaming machines worldwide in 2018 is estimated at 7,402,395, with Japan taking the lion’s share at over 58%.
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.