Home Japan

Japan

Yumeshima’s Post-Expo Future May Include Formula One Racing

Osaka Mayor Hirofumi Yoshimura revealed in an interview with the Sankei Shinbun that he envisions attracting Formula One racing to Yumeshima after the 2025 World Expo is completed. This is only one part of the rapidly emerging vision for the manmade island, and how it may impact the local economy.

Huis Ten Bosch Investment Deal with Fosun Group Falls Through

In a brief note published on its webpage on February 12, the major travel agency H.I.S. announced that its anticipated investment deal with the Fosun Group of China regarding the Huis Ten Bosch theme park in Sasebo, revealed last December, had fallen through.

Kansai Gaidai University Educating Future IR Hotel Managers

Last September, Kansai Gaidai University opened the nation’s first academic program focused on hotel management, explained Stephen Zurcher, the program’s director, in a recent exclusive interview with AGB Nippon.

Universal-Capcom Pachislot Alliance “a Powerful Collaboration”

The business alliance between Universal Entertainment and Capcom to jointly develop pachislot machines has been described by an industry analyst to AGB Nippon as “a powerful collaboration.”

National Tax Agency Warns Public to Report Gambling Profits

With the beginning of the national income tax filing season, the National Tax Agency is warning the public that it has a duty to accurately report their gambling profits.

Wakayama Launches Public Tender for IR Advisory Firm

Last Thursday, the Wakayama prefectural government launched a public tender for an advisory firm that will help guide it through the IR licensing process until the end of March 2022.

Kazuo Okada Losing His Corporate Battle

Casino magnate Kazuo Okada is on the verge of losing his bitter battle to regain control of the gaming business that he founded after a series of legal and business events have swung against him.

Kansai Airports Planning Additional US$910 Million Investment Ahead of 2025

Yoshiyuki Yamaya, president of Kansai Airports, has revealed in interviews with the Japanese media that his firm is planning an additional 1 billion yen (about US$910 million) in investment to prepare Kansai International Airport for the 2025 World Expo and the anticipated opening of an IR at Yumeshima.

Tokoname Exhibition Hall to Open in August with eSports Event

The Aichi Prefectural Government has announced that “Aichi Sky Expo,” its new exhibition center on Chubu Centrair International Airport Island in Tokoname city, will open on August 30, and that for the following two days it will host a large-scale eSports tournament.

Miyagi Prefecture Reopens Possibility of IR Bid

Miyagi Governor Yoshihiro Murai has reversed course and now appears willing to consider an IR bid by his prefecture in the Tohoku region, a possibility that he had once dismissed last June as impractical.

Trending Articles

Elaine Wynn Attempts to Stop Re-Election of Legacy Directors

In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.

Kangwon Land Profit Falls 30 Percent in 2018Q1

Kangwon Land, South Korea’s only casino that allows Korean nationals to enter, reported a 30.3 percent decrease in profit for the first quarter of 2018.

Dynam Sees Rising Profits in FY2017

Pachinko hall operator Dynam reported a 13.3 percent increase in its profits before tax as compared to the previous year.

Maruhan Suffers 7.6% Revenue Decline in FY2017

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6% decline in overall revenues in FY2017, extending a decline that has continued for several years.

IR Bill Expected to Pass House of Representatives on June 14

According to Japanese media reports, the ruling party intends to pass the IR Implementation Bill thorough the Cabinet Committee on June 13 and through a plenary session of the House of Representatives on the following day, June 14.