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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.

Resona Bank Creates Yumeshima IR Development Team

Resona Bank Vice-President Hajime Kosaka has been giving a series of interviews to Japanese newspapers explaining that his firm has established a sixteen-department, fifty-person project team dedicated to the development of the prospective Yumeshima IR and the 2025 World Expo.

Galaxy Pitches for Osaka Yumeshima IR

For those who believe that MGM Resorts has already tied up an IR race victory in Osaka, Galaxy Entertainment would beg to differ, holding a press event in the city on Wednesday and making their local pitch.

Anti-Casino Rallies in Osaka and Tomakomai

Casino opponents continue to raise their voices across the country, with rallies having occurred this week in Osaka and Tomakomai, both municipalities candidates for an IR development.

Of MICE and Myths

Japan has made the highly lucrative MICE business one of the key pillars of its integrated resort policy, though it’s unlikely to knock Singapore off its perch as the regional leader any time soon, even with its shiny new properties.

Establishment of Casino Management Board Set for January 7

The Abe Cabinet adopted an ordinance on Friday to establish the long-awaited Casino Management Board on January 7, 2020.

Trending Articles

IR Basic Plan Likely to Be Published in November

The IR Basic Plan, which is to lay out in more substantial detail the requirements and processes to make IR bids, is now expected to be published in November, according to a report in the Sankei Shinbun.

Suncity Launches Japanese Website and Wakayama IR Concept Movie

Making up for lost time, the Suncity Group has launched its Japanese-language website, complete with a high production value, five-minute movie outlining its concept for an IR at Marina City, Wakayama.

Saipan Mulls More Junkets

The Commonwealth Casino Commission (CCC) in the Commonwealth of Northern Mariana Islands will discuss an application for four new junket operators today, together with a contract extension for Imperial Pacific International’s chairman.

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%.
Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.