Home Japan

Japan

Hard Rock Seeking Real Estate and Construction Partners for Tomakomai IR

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.

Protecting Racehorses from Heatstroke

The record-breaking heat this summer has induced the Japan Racing Association (JRA) to step up its countermeasures against racehorses falling victim to heatstroke.

Wakayama Experienced Decline in Inbound Tourism in 2017

In the midst of booming tourism throughout Japan, Wakayama Prefecture bucked the national trend by recording a small dip in tourism in 2017.

Takarakuji Lottery Revenues on Declining Path

Japan’s Takarakuji lottery tickets witnessed a year-on-year decline of 6.9% in FY2017, falling to 786.6 billion yen (about US$7.1 billion). This continues the downward trend that has been in evidence since peaking over a decade ago in FY2005.

Aichi Prefecture Launches Tokoname RFI

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.

Hokkaido Governor Looks for Support from Tomakomai

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 Posts US$1.6 Billion in Profits for First Half of 2018

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.

Landowners Put the Squeeze on Kasamatsu Racecourse

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.

Governor Onaga’s Death Brings Okinawa to Turning Point

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.

Osaka Governor Matsui Wants to Select IR Operator Within a Year

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.

Trending Articles

Hard Rock to Open Tomakomai Office

Hard Rock Japan is preparing to open an office in Tomakomai, Hokkaido, in August or September, a further signal that the Orlando, Florida, based operator is focusing its IR efforts on this regional city.

Foreign Tourists May Also Face Gambling Profits Tax

Some foreign tourists who win at casino games at Japanese IRs may be hit with an income tax bill before they leave the country, according to a report in the Asahi Shinbun.

House of Councillors to Begin IR Bill Deliberations

The controversial IR Implementation Bill is set to begin its final stage toward enactment on Friday with deliberations launching in a plenary session of the House of Councillors.

Morgan Stanley Releases Bearish Note on Japan IRs

On Friday, the multinational investment bank and financial services company Morgan Stanley released a research note that suggested a degree of disappointment about the financial terms of the IR Implementation Act.

Osaka Governor Matsui Wants to Select IR Operator Within a Year

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.