The Wakayama prefectural government in Japan launched on Wednesday a public-comment gathering process on its District Development Plan for a tilt at a casino complex, or integrated resort (IR). The deadline for comment submissions is March 10, according to GGRAsia’s Japan correspondent.
On Monday, a committee of Wakayama’s prefectural assembly tasked with examining the local IR effort issued a statement saying planning and fundraising for such a project was “still unclear”.
The committee nonetheless agreed to let the public-comment phase begin, after the government in the Wakayama prefecture (pictured) emphasised the limited time available before the April 28 deadline for submitting such a scheme to the national government.
Clairvest Neem Ventures KK is leading the project proposal, with some involvement from United States-based casino operator Caesars Entertainment Corp, according to a September statement by the latter.
A budget of JPY470 billion (US$4.07 billion) has been mentioned previously for a casino resort in Wakayama.
Under Japan’s casino-liberalisation arrangements, qualifying local governments must have a private-sector partner in order to develop a project. Up to three such facilities will be allowed in Japan, under the country’s liberalisation framework.
Oct 01, 2022Macau’s September casino gross gaming revenue (GGR) rose by 35.3 percent month-on-month, to MOP2.96 billion (US$366.3 million) from August’s nearly MOP2.19 billion, according to government data...
”With Star Vegas back to operation since 18 June 2022, we believe that Donaco will recover its performance and prevail during this pandemic”
Chairman of casino operator Donaco International