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Osaka Might Rent, Not Sell, Yumeshima Land to IR Operator

Osaka Mayor Ichiro Matsui is leaning toward a policy that would see the 49 hectares of land utilized for IR development at Yumeshima rented to the operator rather than sold.

Yokohama Launches RFC Process for Yamashita Pier IR

The Yokohama municipal government has launched its RFC process for private businesses interested in developing Yamashita Pier into a major urban IR.

Mohegan Opens Office in Tomakomai, Hokkaido

Mohegan Gaming & Entertainment has announced the opening of its office in Tomakomai, Hokkaido, where it is one of several international IR operators hoping to build a regional IR.

Wynn Resorts Confirms Withdrawal from Osaka IR Race

Wynn Resorts has confirmed to AGB Nippon that it has quietly withdrawn from the IR race in Osaka and will focus its efforts on gaining an IR license in the Kanto region.

Pro-IR Forces Mobilize in Hokkaido

Political and business groups in favor of building an IR in Tomakomai city are mobilizing their forces in an attempt to ensure that Hokkaido Governor Naomichi Suzuki will decide to move forward with the contemplated IR bid.

Osaka City Council Passes Budget for Yumeshima IR Environmental Impact Assessment

On Wednesday, the Osaka City Council approved a special budget to carry out the environmental impact assessment for the anticipated Yumeshima IR. The municipal funds approved for the assessment are 9 million yen (about US$83,300).

Yokohama IR Plans Face Recall and Referendum Movements

Political parties and citizens opposed to an IR bid at Yamashita Pier are launching movements both to recall Fumiko Hayashi as mayor of Yokohama as well as to subject any casino construction plans to a popular referendum.

MGM Sponsors Osaka Festival for Third Consecutive Year

For the third year running, MGM Resorts has become a sponsor for the October 12th to 13th Dotombori River Festival, in particular focusing on the Yosakoi dancing events.

Kamakura City Council Rejects Anti-IR Resolution

On Friday, the Kamakura City Council rejected a draft resolution that would have denounced moves by neighboring governments to engage in IR bids. The draft resolution called for no IRs to be built in the entire Kanto region, with the main concern being the IR bid of neighboring Yokohama, also within the same Kanagawa Prefecture.

Hokkaido Governor Will Make IR Bid Decision Before End of Year

Hokkaido Governor Naomichi Suzuki, who has been taking a go-slow approach on his decision whether or not to pursue an IR bid for the Tomakomai location, has now clearly indicated for the first time that he will hand down his verdict by the end of this year, not early next year as had been anticipated by most observers.

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.