Tuesday, September 29, 2020
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IR Policy Delay Now Close to Inevitable

Putting aside the question of whether or not Japan’s IR development will eventually proceed along the current policy lines or not, developments in the past weeks have made it increasing difficult to believe that the timeline will be maintained as currently planned.

Coronavirus, Tokyo Olympics Threat May Unravel IR Plans

This culminating situation in Japan is shaping up to be a perfect storm to foil Prime Minister Shinzo Abe’s going-away party.

The Kabuki of the Japan Integrated Resorts Race

The long and winding Japanese Integrated Resort story resembles a daytime soap opera. At the rate the plot has been plodding along, It won’t be a surprise if it gives NBC’s Days of Our Lives a run for the money in terms of longevity.

Would Japan’s IR Policy Survive the Fall of Shinzo Abe?

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.

“Synergy” is the Keyword for Wakayama’s IR Bid

For many observers, Wakayama Prefecture’s bid to gain one of the three available IR licenses has looked like a long-shot, most of all because of the geography that places it so near the anticipated Osaka Yumeshima development.

Osaka May Be Ripe for an IR Rethink

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.

Akimoto Out of Detention, But Many Unanswered Questions Remain

As with most of the other major political scandals in the Shinzo Abe era, the final chapter does not seem to conclude with an unraveling of the mysteries, with lessons learned, and then the beginning of reforms, but rather with the investigations grinding to a halt before they reveal the full truth, with logical progressions left hanging, and with the government carrying on as if nothing were amiss.

A Conversation with Nagasaki Vice-Governor Ken Hirata

AGB Nippon recently sat down for an exclusive interview with Nagasaki Vice-Governor Ken Hirata, who gave us the low-down on one of the best prepared local government IR candidacies, touching on a variety of issues of national significance.

IR Operator View of the Risks of the Japanese Market

Genting Singapore, a major Asian IR operator deeply interested in the Japanese market, has been the most tightlipped of all of the bidders about their plans for the country. This changed significantly on Monday, however, with the issuance of an 84-page “Circular to Shareholders” that outlined a number of key points about the company’s objectives.

Clairvest: Hokkaido’s IR Bid May Yet Reemerge

“Hokkaido is still a very strong location for one of the Japanese Integrated Resorts based on the concept of good food, good sports, and good nature. Our position is unchanged.” So says Robert Verdier, president of The Taffrail Group, which leads the Clairvest Group’s IR campaign in Japan, in an exclusive interview with AGB Nippon.

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Bernstein analysts are predicting the number of China’s premium consumer class to increase nearly two fold over the next seven years, reaching 117 million.

Poker Likely to Be Permitted at Japanese Casinos

According to a report in the Mainichi Shinbun, poker is expected to be allowed at Japanese casinos within IRs.

Foreign Tourism on Pace to Smash 30 Million Mark in 2018

Figures released recently by the Japan Tourism Agency found that, once again, the annual number of foreign tourists visiting the country will set a new record in 2018, most likely well above the 30 million mark.

Macau May GGR Rose Lower-Than-Expected 12.1 Percent

Macau’s gross gaming revenue rose 12.1 percent in May, below analysts’ forecasts, with June expected to record a further slowdown as players are distracted by the FIFA World Cup tournament in Russia.

First Wakayama RFI Briefing Attracts 49 Companies

The first of two briefings regarding the RFI process of Wakayama’s expected IR bid revealed strong interest from the business community as a total of 49 companies sent representatives to the event.