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IR Market Projections May Be Too Rosy

While many industry analysts continue to assume that either Tokyo or Yokohama will pursue an IR bid, the political realities of Japanese local communities seem to indicate otherwise.

Yokohama Mayor Maintains ‘Wait and See’ IR Stance

Yokohama Mayor Fumiko Hayashi is again reaffirming the “blank slate” position on hosting an IR which she first adopted over a year ago

Miyazaki Drops Out of IR Race

Miyazaki Governor Shunji Kono has concluded that there is no point in his sparsely-populated prefecture attempting to join the IR hunt.

Abe Government Shaken By Scandal

While it still seems highly likely that the IR Implementation Bill will be passed in the current Diet session, the possibility that scandal could suddenly bring down the Abe government can no longer be entirely discounted.

Casino Legislation Remains Deeply Unpopular

Among Japanese lawmakers, dominated by conservative political parties, there is strong support for passage of the IR Implementation Bill in the current Diet session, but the latest poll by the Kyodo News agency shows that the legalization of casino gambling remains deeply unpopular with the public at large.

Caesars Revs Up Japan IR Campaign

As Caesars Entertainment president and CEO Mark Frissora tours Japan this week, company executives are meeting with local officials and the media, as well as announcing a whole host of new developments that clearly puts Caesars among the front rank of international IR operators seeking a license in Japan.

Casino Management Board Comes into Focus

The structure of the Casino Management Board to be established under the IR Implementation Bill is coming into focus, as the government is revealing to lawmakers its basic plans.

Casino Proposals May Hit Investment Levels, Operators Warn

Government proposals presented to the ruling party this week relating to tax rates, entry fees, and casino floor space restrictions have drawn wildly different reviews from the business community and Japanese political parties.

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Wakayama Seminar Draws In the Business Community

The Wakayama IR Business Connect Seminar was held on the late afternoon of the 19th and was successful in drawing interest from a large cross-section of the local business community, as well as domestic and international media.

Carl Icahn Gains Three Seats on Caesars’ Board of Directors

Caesars Entertainment agreed last week to allow investor Carl Icahn to appoint three directors to its company board, indicating that a substantial change of policy direction is in the offing as Mark Frissora steps down at the end of April.

Analysts Less Optimistic Than Operators About Japan

Investment analysts are far less optimistic about the prospects for the casino market in Japan than the operators who are pushing hard for a license, warning that returns and gross gambling revenue may fall far short of high expectations.

Hokkaido Gambling Addiction Council Holds Nation’s First Meeting

The Hokkaido Gambling Addiction Countermeasure Promotion Council held its first meeting last Thursday at the prefectural government office, with topics such as the procedures for status checks on gambling addiction in the prefecture discussed among council leaders.

Problem Gambling Hotline Receives 503 Calls in February

In the month of February, the Recovery Support Network (RSN), a pachinko addiction helpline headed by Naoyuki Nishimura, received a total of 503 calls to its hotline, 41 cases more than in the previous month.