Japan’s IR process appears to move forward in fits and starts, but there were two noteworthy events to emerge at the end of the week that advance the slow process towards the country's first casinos.
The Osaka Prefecture, which currently has MGM Resorts as a sole bidder for a license, has said it will consider further proposals, with documents to be submitted by April 6th.
Hong Kong-listed Oshidori International and Mohegan Gaming & Entertainment have teamed up to make a joint bid for a license to develop an IR in Nagasaki, Japan.
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.
Oshidori said its confident its bid for a license in Nagasaki will be far “more exciting” than any other project and the termination of an accord with France’s Groupe Partouche won’t affect its chances.
The enduring unpopularity of IR developments among the Japanese public, as well as the much weaker position of the Shinzo Abe government in comparison to earlier phases, means that local elections may still prove decisive as to whether or not bids will...
Melco Resorts & Entertainment swung to a loss in Q1 due to the impact of the coronavirus, but said it remains committed to its development plans, including a bid for a license in Japan.
Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.
Yokohama Harbor Transport Association Chairman Yukio Fujiki, the 89-year-old “don of Yokohama” who controls part of Yamashita Pier, the proposed site for the IR, has vowed, “I shall not be evicted,” signaling his all-out resistance to Mayor Fumiko...
The municipal government told reporters on Monday that Yokohama’s long period of indecision had ended and that Mayor Fumiko Hayashi would announce later in the week that her city would seek to host a major urban IR at the 47-hectare Yamashita Pier location.
The Osaka city government held the first meeting of its “Yumeshima Development Promotion Headquarters” at the City Hall building under the direct
Yokohama Mayor Fumiko Hayashi is facing renewed indications that the plan to build a major IR at Yamashita Pier will face fierce political opposition both from a significant portion of the business community and a majority of the population.
Despite Osaka’s strong desire to open its Yumeshima IR in 2024, before the World Expo, a new research brief from Global Market Advisors predicts that this timeline will now prove to be too ambitious, and in fact the first Japanese IRs will not able...
Las Vegas Sands President and Chief Operating Officer Robert Goldstein spoke enthusiastically about his companies prospects and plans in Japan on an investor call on Wednesday.
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