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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.

JRA Suspends 156 Racehorses Over Banned Drug

The Japan Racing Association (JRA) announced this weekend that 156 of its racehorses were excluded from their scheduled races after it was found that they may have been fed a performance-enhancing drug.

Chiba Mayor Plays Down IR Plans

Mayor Toshihito Kumagai continues to signal that he is taking a passive stance on making an IR bid near Makuhari Messe on behalf of an interested consortium of local businesses.

Yokohama to Hold Citizen Briefings on IR Study Results

The Yokohama municipal government, which says it has made no decisions about whether or not to pursue an IR bid , will be holding two explanatory meetings for citizens later this month about the results of its RFI process for the Yamashita Pier site.

Yokohama Cops Arrest Four People at Illegal Internet Casino

Last week, Yokohama police raided an illegal internet casino shop called “Beast” and arrested four people, including the manager, Hiroyuki Shishido.

An Engine for Earnings: Rumors of Tokyo IR Licensing Bid Resurface

Despite Governor Yuriko Koike’s indication in January that she isn’t considering an IR bid for the former Tsukiji Fish Market site, numerous observers believe that such a bid is indeed quietly under consideration, either at Tsukiji or on Odaiba.

Analysts Believe First Japanese IRs Will Open in 2026

Despite Osaka’s strong desire to open its Yumeshima IR in 2024, before the World Expo, a new research brief from Global Market Advisors predicts that this timeline will now prove to be too ambitious, and in fact the first Japanese IRs will not able to open their doors before early 2026.

Kyushu Governors’ Association Unites Behind Sasebo’s IR Bid

Sasebo’s campaign to build an IR at the Huis Ten Bosch theme park has been given a major boost by the Kyushu Governors’ Association, which has decided to offer proactive support and dismiss the recent rival candidacy of Kitakyushu city.

Lawrence Ho: Crown Acquisition Will Help Melco’s Japan Bid

Melco Resorts & Entertainment Chairman and CEO Lawrence Ho says that their recent acquisition of shares in Crown Resorts will help to accelerate their bid for a Japan casino license.

Murren: Japan the Highest ROI Gaming Opportunity

Despite local entry fees and high gaming tax, MGM Chairman and CEO Jim Murren believes Japan to represent the highest ROI gaming IR opportunity in the world right now.

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Sands Employees Get Advanced Problem Gambling Training

Nearly 100 Sands China team members attended the company’s annual advanced responsible gaming training program, which is the only one in Macau offered in coordination with the University of Nevada, Las Vegas.

Board of Audit: Gamblers Routinely Evade Taxes

A survey by the Board of Audit found that about 80% of big winners in horse racing and bicycle racing fail to report their gambling earnings to the tax authorities.

Duterte Wants Crackdown on Online Gambling

Philippines President Rodrigo Duterte said that he wants to suppress online gambling, which has become a magnet for kidnapping and extortion.

Philip G. Satre Becomes New Chairman of Wynn Resorts

Wynn Resorts says its board voted to appoint Philip G. Satre as chairman, taking over from D. Boone Wayson, who is retiring.

Political Risks Cloud Hokkaido IR Prospects

Despite the enthusiasm of the Tomakomai municipal government, dark political clouds seem to be gathering over the prospects for an IR bid from Hokkaido.