• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Japan govt updates IR basic policy, new dates confirmed

Dec 18, 2020 Newsdesk Japan, Latest News, Top of the deck  


Japan govt updates IR basic policy, new dates confirmed

The Japanese national government indicated on Friday it would have a direct role in communicating with “IR-related companies” concerning the country’s push to have casino complexes, or integrated resorts (IRs) as they are known in that country, according to information collated by GGRAsia’s Japan correspondent.

Such liaison would be done via the central authorities’ IR promotion headquarters. Additionally on Friday, the country’s government confirmed the national basic policy on IRs, which was mostly the same as a draft made public in October.

A key update was confirmation of the period in which the national government will be accepting IR plans from local governments. It will be between October 1, 2021 and April 28, 2022, i.e., about a nine-month delay from a previously-announced timetable.

The national government assumes the timing of IR openings to be the late 2020s, taking into account the time needed for environmental assessment and construction. Up to three such venues will be permitted in a first phase of liberalisation.

The Japan Tourism Agency created the draft, and its acceptance at a meeting on Friday marks the official start of Japan’s IR realisation process. The agency is part of the Ministry of Land, Infrastructure, Transport and Tourism.

A number of international firms that already operate casino resorts in other markets, has in recent months pulled out of the race to build a casino resort in Japan.

They have cited factors including concerns about development costs, the possible scope of restrictive regulation, and delays in local and national decision-making, amid the disruption of the Covid-19 pandemic. The latter has led to a sharp decline in core-market business for many foreign operators.

Banking group Nomura suggested in a recent memo that the mention of casino resort taxation topics in the latest tax reform proposals of Japan’s governing coalition, showed its commitment to the casino liberalisation policy in the country. “The tax proposals related to integrated resorts [IRs] are for financial year 2022, not financial year 2021,” noted the institution.


  • tweet
Related articles
  • Yokohama announces RFP timeline for casino bid
    Yokohama announces RFP timeline for...

    Jan 22, 2021  

  • Hokkaido governor restates no Japan casino bid
    Hokkaido governor restates no Japan...

    Jan 15, 2021  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us