• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Wakayama confirms RFP exit letter from Suncity entity

May 13, 2021 Newsdesk Japan, Latest News, Top of the deck  


Wakayama confirms RFP exit letter from Suncity entity

The Japanese prefecture of Wakayama (pictured) has confirmed to GGRAsia that it has received a notice of withdrawal from Suncity Holdings Japan Co Ltd regarding the local government’s request-for-proposal (RFP) process on hosting a casino resort.

That leaves currently only one suitor in the running to be Wakayama’s private-sector partner on such a scheme.

The prefecture said in the Thursday email, it had received a withdrawal letter from the Suncity entity, which is linked to entrepreneur Alvin Chau Cheok Wa, boss of privately-held Macau junket investor Suncity Group Ltd.

The message from the Wakayama authorities reiterated that Clairvest Neem Ventures, a unit of Canada-based private-equity management firm Clairvest Group, remained in the race as private-sector partner for an integrated resort, or IR, as such schemes are known in Japan.

The prefecture confirmed that Clairvest Neem was now the only RFP participant for the prefecture.

Local authorities interested in hosting a casino resort must first select a commercial partner, and then apply to the national government for the right to host such a facility. Up to three resorts will be permitted in Japan under the legalisation framework.

A Wednesday statement in Japanese, on the website of Suncity Holdings Japan, quoted Mr Chau as saying the decision to withdraw from the race in Wakayama was made after “careful consideration,” and was linked to the “enormous impact” on the casino industry of Covid-19, and the fact that “uncertainty” was likely to remain in the business sector around the world, “for a long time”.

Mr Chau added he had “sincere gratitude” for the “kindness” shown by people in Wakayama during Suncity Holdings Japan’s engagement with the prefecture.


  • tweet
Related articles
  • Court denies Chau’s petition for more time to appeal: report
    Court denies Chau’s petition for...

    Jan 20, 2023  

  • Chau ruling marks end of old junket system: observers
    Chau ruling marks end of old junket...

    Jan 18, 2023  

More news
  • Public poll shows fears on POGOs, says Philippine lawmaker
    Public poll shows fears on POGOs, says...

    Jan 27, 2023  

  • Nearly 70k visitors to Macau on 6th day of CNY break
    Nearly 70k visitors to Macau on 6th day...

    Jan 27, 2023  


Latest News

Public poll shows fears on POGOs, says Philippine lawmaker

Public poll shows fears on POGOs, says Philippine lawmaker

Jan 27, 2023  

A Philippine lawmaker says public opinion on Philippine Offshore Gaming Operators (POGOs) would be an important factor when he and colleagues draft a Senate committee report on the economic and...
Read More
Nearly 70k visitors to Macau on 6th day of CNY break

Nearly 70k visitors to Macau on 6th day of CNY break

Jan 27, 2023  

Monster Superlanche ups player fun, says Pragmatic Play

Monster Superlanche ups player fun, says Pragmatic Play

Jan 26, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


384,600

Aggregate number of visitors to Macau during the first six days of the Chinese New Year holiday break



Most Popular

  • LVS flags strong recovery in Macau, capacity bottlenecksLVS flags strong recovery in Macau, capacity bottlenecks January 26, 2023
  • Macau visitor tally tops 318k in first 5 days of CNY breakMacau visitor tally tops 318k in first 5 days of CNY break January 26, 2023
  • CNY may deliver 50pct pre-Covid mass GGR in Macau: JPMCNY may deliver 50pct pre-Covid mass GGR in Macau: JPM January 25, 2023
  • 71pct of Sands China licence spend for venues says parent71pct of Sands China licence spend for venues says parent January 26, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us