Melco Resorts & Entertainment partnered with Keio University to give more than twenty of the IR operator’s foreign executives a seminar on Japanese history, culture, and business practices. The seminar took place in Tokyo on September 14.
At the current juncture, a total of fourteen Japanese local governments may still be in the first round of the Japan IR race, according to the latest national surveys as well as local media reports.
JCM Global posted net profits of 1.3 billion yen (about US$12 million) for the fiscal year ending on March 31, which was a 39.5% year-on-year increase for the firm. Net sales reached a total of 31.3 billion yen (about US$290 million).
A new company has been created called “MICE IR Chiba” with the support of ten local companies, aiming to form the basis of a consortium for IR development in the Makuhari district of Chiba.
Fitch Ratings has conducted a tour of Japan and offered a “special report” revising some of its previous estimates about the prospects for the Japan IR market, but it also raised a warning flag over the implications of the IR license renewal system.
Melco Resorts & Entertainment announced on Wednesday that it would focus its IR campaign on Yokohama and that it was suspending its participation in bidding for the Osaka Yumeshima location.
A committee of the Yokohama City Council wasted little time in approving an amended budget including expenses for IR development, angering the opposition which denounced the move as contrary to the democratic spirit.
Tokyo Governor Yuriko Koike continues to send mixed signals on whether or not she intends to declare an IR bid for the Japanese capital, with observers on all sides trying to guess her intentions.