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Yokohama Chamber of Commerce Launches Pro-IR Organization
Having telegraphed its intention to do so since March, the Yokohama Chamber of Commerce & Industry has finally launched its pro-IR organization, dubbed the “Yokohama IR Promotion Association.”
Tokyo Mulls IR Development in Odaiba Aomi Area
The Tokyo Metropolitan Government has announced a series of consultations with private companies over its tentatively-named “Tokyo Bay Area Vision,” which explicitly includes the possibility of an IR bid for the Aomi area of Odaiba.
Sega Sammy Sees 3.2% Decline in Net Sales in April-September 2019 Period
Sega Sammy Holdings has recorded its net sales in the April-September 2019 six-month period at nearly 166 billion yen (about US$1.5 billion), which represents a 3.2% year-on-year decline.
More Than Half of the World’s Gaming Machines in Japan
The number legally installed gaming machines worldwide in 2018 is estimated at 7,402,395, with Japan taking the lion’s share at over 58%.
Yokohama Establishing New IR Promotion Office
The Yokohama municipal government is establishing a new “IR Promotion Office” to guide its policies into the more active phase of IR development.
Tennis Champion Naomi Osaka Becomes Melco Brand Ambassador for Yokohama IR Bid
Melco Resorts & Entertainment made several major announcements at a press event in Tokyo on Tuesday, including that Japanese tennis champion Naomi Osaka has become brand ambassador and sports group director for the company’s Yokohama IR bid.
Suncity Outlines Plans for Wakayama IR
Suncity Group has revealed its plans for an IR featuring the traditions, history, and natural landscape of Wakayama.
Japan’s Anti-Money Laundering Measures Under Scrutiny
The intergovernmental Financial Action Task Force (FATF) began an in-depth survey of Japan’s anti-money laundering policies this week, examining government ministries, private banks, and cryptocurrency exchanges.
Three Airports Part of MGM’s “Osaka Only” IR Bid
Resorts and Orix Corporation clarified that all three regional airports—Kansai International Airport, Itami Airport, and Kobe Airport—will be associated with their consortium’s bid to build an IR at Osaka Yumeshima.
Sands Envisions US$10-12 Billion IR Investment in Yokohama
Las Vegas Sands executives told an earnings conference call that they are focusing attention on their Yokohama bid, which they envision will involve an investment of US$10-12 billion.
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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.
