• 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 wants biggest ever hotels, expos at new IRs: report

Feb 04, 2019 Newsdesk Japan, Latest News, Top of the deck  


Japan wants biggest ever hotels, expos at new IRs: report

The Japanese government has outlined the amount of hotel and meeting space it hopes to see in any casino resorts built in that country.

Kyodo news agency reported that hotels at the venues – known in Japan as integrated resorts or “IRs” – ought ideally to have an aggregate of 100,000 square metres (1.08 million sq feet) of hotel accommodation; and meeting space amounting to up to 120,000 sq metres, capable of accommodating up to 6,000 people. The report quoted a government announcement.

Kyodo reported that the aspirations far outstripped what was offered currently in any Japanese leisure and conference facility.

The news outlet stated that – based on the average size for a Japanese hotel room, which it said was 50 sq metres – the recommendation would mean 2,000 hotel rooms for an IR; “far exceeding” the 1,500 hotel rooms found currently at one of the country’s largest hotels.

The news outlet said the largest exhibition floor space in Japan was at Tokyo Big Site with 95,000 sq metres, and the largest conference halls were in Tokyo and Yokohama, each with capacity for 5,000 delegates.

A figure of US$10 billion had been mentioned by U.S.-based MGM Resorts International – a suitor for a Japan licence – as the likely cost of building a casino resort in that nation.

While sell-side analysts have largely been bullish about the revenue potential for a Japan casino industry, during 2018 there were also some expressions of concern that Japan’s democratic to-and-fro – and the cultural importance in that country of reaching consensus – might produce a local industry so bound up in red tape that it could have a negative impact on its potential for generating gross gaming revenue (GGR) and profits.

Kyodo’s report said that the Japanese government had suggested that in the case of a smaller-scale IR, the aspiration was for a 60,000-sq-metre convention room and a conference room that held 3,000 people.

The Japanese authorities have indicated that one of the up to three casino locations allowed under the first phase of market liberalisation could go to a smaller community.

Cabinet approval of the requirements would come at the end of March, after public comments, which were open until March 4, reported Kyodo.

A recent Kyodo News survey, covering all of Japan’s 47 prefectures and 20 major cities eligible to host an IR, found only three areas had active plans to apply to the national government for permission.


  • tweet
Related articles
  • Int Ent half-year loss up, mulls financing for Manila IR
    Int Ent half-year loss up, mulls...

    Feb 25, 2021  

  • Macau’s hotel room inventory to increase by one-quarter
    Macau’s hotel room inventory to...

    Feb 05, 2021  

More news
  • Galaxy’s Lui hopes Macau 2H better amid vaccine rollout
    Galaxy’s Lui hopes Macau 2H better...

    Mar 08, 2021  

  • Pace of Macau GDP decline slows in 4Q amid tourism gains
    Pace of Macau GDP decline slows in 4Q...

    Mar 08, 2021  


Latest News

Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Mar 08, 2021  

Francis Lui Yiu Tung (pictured in file photo), vice chairman of Macau casino operator Galaxy Entertainment Group Ltd, says he anticipates that the expansion in mainland China, Macau, and Hong...
Read More
Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Donaco not mulling sale of Vietnam casino hotel: execs

Donaco not mulling sale of Vietnam casino hotel: execs

Mar 08, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us