In a recent interview with Bloomberg television, Edward Tracy, Hard Rock International’s CEO for the Asia-Pacific region, provided insight into his firm’s consortium-building strategy and other matters as it seeks to win an IR license in Tomakomai, Hokkaido.
In the midst of booming tourism throughout Japan, Wakayama Prefecture bucked the national trend by recording a small dip in tourism in 2017.
The Aichi prefectural government has launched an RFI process for a “City of International Tourism Focused on MICE.” While the call does not explicitly announce that this is part of an IR bid, it is clearly related to the local government’s deliberations about whether or not to seek a casino element for the Chubu Centrair International Airport development project in Tokoname city.
The Hokkaido gubernatorial race is already informally underway. Incumbent Harumi Takahashi spoke with leaders of Tomakomai’s business community last Friday about the city’s potential IR bid in connection with her own political future.
Universal Entertainment has reported 172.5 billion yen (about US$1.6 billion) in profit for the January-June period of 2018. Universal had reported financial losses in the same period of the previous year.
Booming ticket sales sounds like a good thing, but for Kasamatsu Racecourse, a facility in Gifu Prefecture functioning as one of the fifteen horse tracks of the National Association of Racing, it has mainly resulted in spiraling costs for renting the land where it sits.
The election of Governor Takeshi Onaga in November 2014 brought a halt to the long-developed notions of building an IR in Okinawa, but Onaga’s sudden death on Wednesday has put the issue of an IR bid back on the table as a possibility in Japan’s southernmost prefecture.
Just as he did with the IR Implementation Act, Osaka Governor Ichiro Matsui is once again pushing the national government to speed up its deliberations and to move with greater alacrity. He says that Osaka wants to tentatively select its operator partner within a year with an eye to opening the Yumeshima IR by 2024.