HEADLINES

Hard Rock Seeking Real Estate and Construction Partners for Tomakomai IR

In a recent interview with Bloomberg television, Edward Tracy, Hard Rock International’s CEO for the Asia-Pacific region, provided insight into his firm’s consortium-building strategy and other matters as it seeks to win an IR license in Tomakomai, Hokkaido.

Protecting Racehorses from Heatstroke

The record-breaking heat this summer has induced the Japan Racing Association (JRA) to step up its countermeasures against racehorses falling victim to heatstroke.

No Casinos on Boracay, Government Insists

Galaxy Entertainment Group, which is hoping to expand into Japan and the Philippines, may have to reconsider its plans for an IR on the island of Boracay after the government again insisted no casinos will be allowed.

Q&A with William Shen, Head of Caesars Entertainment Japan

Caesars Entertainment’s Japan office, located in Roppongi, Tokyo, leads the company’s on-the-ground activities and is headed up by Senior Vice President & Managing Director for Japan, William Shen.

Wakayama Experienced Decline in Inbound Tourism in 2017

In the midst of booming tourism throughout Japan, Wakayama Prefecture bucked the national trend by recording a small dip in tourism in 2017.

Takarakuji Lottery Revenues on Declining Path

Japan’s Takarakuji lottery tickets witnessed a year-on-year decline of 6.9% in FY2017, falling to 786.6 billion yen (about US$7.1 billion). This continues the downward trend that has been in evidence since peaking over a decade ago in FY2005.

Melco Staff Protest for Better Wages and Bonuses

Melco Resorts & Entertainment, which is strongly focused on obtaining a license in Japan, is facing protests at home in Macau from staff, who are demanding better pay and benefits, as well a stricter enforcement of a smoking ban in its casinos.

Aichi Prefecture Launches Tokoname RFI

The Aichi prefectural government has launched an RFI process for a “City of International Tourism Focused on MICE.” While the call does not explicitly announce that this is part of an IR bid, it is clearly related to the local government’s deliberations about whether or not to seek a casino element for the Chubu Centrair International Airport development project in Tokoname city.

Hokkaido Governor Looks for Support from Tomakomai

The Hokkaido gubernatorial race is already informally underway. Incumbent Harumi Takahashi spoke with leaders of Tomakomai’s business community last Friday about the city’s potential IR bid in connection with her own political future.

Macau Set to Become Richest Place in the World

Macau is set to become the richest place in the world by 2020, knocking Qatar off the top slot, Bloomberg reports, citing International Monetary Fund figures.

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