Wednesday, November 20, 2019

Yakuza Boss Arrested over Illegal Internet Casino Funds

A 67-year-old yakuza boss named Chikao Takabayashi was arrested on Tuesday on charges of receiving funds from an illegal internet casino based in the Omiya Ward of Saitama Prefecture.

Internet Casino Bust in Sakai City, Osaka

On Tuesday, police arrested eight people in connection with an illegal internet casino called Peach in Sakai city, Osaka Prefecture. Among those netted was a senior member of the Yamaguchi-gumi yakuza gang.

Osaka Political Leaders Attack IR Policy Delay

Osaka's main political leaders publicly attacked the national government's decision to delay the issuance of regulations for the IR bidding process, describing it as both bad policy and weak politics.

US Federal Government Sues Imperial Pacific Over Harassment Charges

Imperial Pacific is being sued by the US Equal Employment Opportunity Commission on allegations of sexual and verbal harassment by the company’s high roller clients.

Saipan Bill Proposes 10% Net Revenue Gambling Tax

A local member of parliament has introduced a bill that would impose a 10% tax on net gambling revenue, while House Gaming Committee Chairman Ralph Yumul has drafted another that would prevent local IR operator Imperial Pacific from writing off unpaid credit from its tax obligations.

Stability the Watchword for Macau Re-tendering Process

As Macau moves toward its 2022 re-tendering process for its six IR concessionaires, "stability" will likely the watchword for the government policy, according to the analysis of Glenn McCartney, associate professor of international IR management at the University of Macau.

Magazine Accuses Caesars of Making “Illegal Donations” to Politicians

Japan’s largest weekly news magazine by circulation, Shukan Bunshun, has published an article accusing Caesars Entertainment of engaging in a practice which they contend effectively amounts to the bribery of Japanese politicians, but which Caesars argues is an accepted and legal practice.

Cambodia Upgrades Anti-Money Laundering Efforts

The Cambodian government has announced a new working group and action plan aimed at cracking down on money laundering in the nation.

Establishment of Casino Management Board Set for January 7

The Abe Cabinet adopted an ordinance on Friday to establish the long-awaited Casino Management Board on January 7, 2020.

Deloitte Japan Fined for Violating Auditor Independence Rules

The US Securities and Exchange Commission (SEC) announced last week that Deloitte Tohmatsu (Deloitte Japan) had agreed to pay a US$2 million fine to settle charges that it had violated auditor independence rules.

Trending Articles

IR Market Projections May Be Too Rosy

While many industry analysts continue to assume that either Tokyo or Yokohama will pursue an IR bid, the political realities of Japanese local communities seem to indicate otherwise.

PRIME Philippines in Talks for Davao Casino

PRIME Philippines says it’s in talks with Davao City Investment Promotion Center for a hotel and casino in the area, local media reports.

Genting Bids for Andorra’s First Casino License

Genting, through its UK unit, is one of thirteen bidders for the first casino license in the principality of Andorra in the Pyrenees, Spanish media reports.

Iwanuma Struggles to Find Pro-IR Mayoral Candidate

Since the Iwanuma City Council passed a resolution last June to launch a feasibility study for an IR bid, little progress has been made. With mayoral elections approaching in about two weeks, there is no candidate yet to represent the pro-IR position.

Tourism Trends Offer Good News for Regional IRs

There may only be one or two IRs established in the smaller, regional areas of Japan in the 2020s, but current trends in the tourism industry offer them an encouraging outlook.