In an earnings conference call in April 2019, just over a year ago, Las Vegas Sands President and Chief Operating Officer Robert Goldstein declared,...
This culminating situation in Japan is shaping up to be a perfect storm to foil Prime Minister Shinzo Abe’s going-away party.
Since the passage of the IR Implementation Act in July 2018, the question of whether or not the nation would really move forward with its IR development policy seemed to be definitely settled in the affirmative. However, a series of rather unlikely events in recent months may have reopened the possibility—even if a somewhat remote one—that Japan’s entire pro-IR policy could yet entirely collapse.
At many points in the IR development process it seemed that Osaka’s leaders were running the most masterful campaign to gain one of the three available licenses, but it may now be time for Mayor Ichiro Matsui and Governor Hirofumi Yoshimura to step back, take a breath, and look at the situation with fresh eyes.