Monday, August 08, 2022

Kamori Kanko reasserts Rusutsu Village’s IR proposal


Hokkaido’s leading tourism and hospitality company, Kamori Kanko, has reasserted its claim that its ski resort at Rusutsu village should become the basis for the prefecture’s hoped-for IR bid, attempting to shoulder aside the Tomakomai candidacy favored by most international IR operators and the experts advising the Hokkaido Prefectural Government.

“No area in Hokkaido is better suited than Rusutsu to highlight the region’s attributes, while making a bold statement about Japan’s position as the most forward-thinking IR market,” a press release declared. In an apparent knock on Tomakomai, it added, “Without the ski infrastructure, we do not believe an Integrated Resort can be successful during our cold winters.”

Hisatake Kamori, the president of Kamori Kanko, added, “Aside from casino gaming, which is only a small component in the overall scheme, our vision includes healthcare facilities, schools, commercial and retail precincts, multi-family homes, and more tourism and entertainment venues, all in an environmentally-friendly manner. It will be a true ‘Integrated Resort.’”

Kamori Kanko’s plans include 223,000 square meters of leisure and entertainment areas with 1,300 hotel rooms, spas, restaurants, bars and lounges, retail spaces, 25,000 square meters of MICE facilities, and a 6,800 square meter gaming area. The gaming area would account for approximately 2.9 percent of the resort’s total gross floor area. They forecast total gross gaming and non-gaming revenue to reach well over $1 billion annually.

It was almost precisely a year ago that Kamori Kanko formed a $1.5 billion investment agreement with a consortium led by the Shenzhen-based online sports lottery service provider 500.com, an IR-operator hopeful. Other members of the consortium were Sequoia Capital China, Vision Knight Capital, and SIG Asia Investments. These potential partners were not mentioned in the most recent press release.

Kamori Kanko owns and operates the Rusutsu Resort Hotel and Convention Centre, which hosts more than 1.5 million visitors per year.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief