If a new poll by the Hokkaido Shinbun is to be believed, public opinion in the northernmost prefecture has shifted strongly in opposition to an IR bid.
Galaxy Entertainment Chairman Lui Che-Woo says that his firm’s bid for an IR license in Japan will focus on the non-gaming aspects of the facility, and that it will cater to a high-end market.
Atlantic City, New Jersey, is beginning to look to Las Vegas and the “non-gaming revenue model” as the key to its future, according to a recent article in the Press of Atlantic City. This development has implications for the future of Japanese IRs as well.
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.
Macau gaming operators Sands, Melco, and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research.
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.