• 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

Wakayama to skip RFC process in IR pursuit: govt

Aug 13, 2019 Newsdesk Japan, Latest News, Top of the deck  


Wakayama to skip RFC process in IR pursuit: govt

The Integrated Resorts (IR) Promotion Office of Japan’s Wakayama prefecture says it plans to launch a request-for-proposal (RFP) process “soon after” the national authorities announce the so-called “basic policy” on integrated resorts. The prefectural government does not plan to conduct a request-for-concept (RFC) process, the office told GGRAsia.

The basic policy is supposed, among other things, to set out the criteria the central authorities will use for choosing where such casino resorts – up to three in the first phase – can be located. A number of leading media outlets in Japan reported in May that the national government had decided to delay the release of the basic policy for the development of casino properties in the country.

Japan’s IR Implementation Act, passed in July last year, stipulates that the basic policy for the development of integrated resorts should be put forward within two years.

Those local governments qualified to apply to the national government for permission to host an IR – namely prefectures and ordinance-level cities – need to team with private-sector partners prior making their bid to the national government. But they can only do so after Japan’s central government announces the details of the IR basic policy.

Japanese media outlet Sankei Shimbun reported earlier this month – citing unnamed sources – that the national authorities planned to have the “basic policy” on IRs ready by March-end next year.

Wakayama prefectural government has been active in pursuing the opportunity to host a casino resort. Within the prefecture, a 40-hectare (98.8-acre) artificial island known as Marina City has already been earmarked for the local authority’s plan to host an IR.

A first meeting of a so-called committee of experts was held in Wakayama (pictured) last week, the Integrated Resorts (IR) Promotion Office confirmed to GGRAsia. The panel will seek opinions and debate strategies in order to formulate the prefectural government’s plans to host a casino resort.

Other Japanese prefectures have already conducted their respective RFC processes. Osaka, for instance, has gone ahead with a request-for-concept phase with international investors even though that basic aspect of national policy has yet to be decided.

Brokerage Sanford C. Bernstein suggested in a note last week that a Japanese casino industry made of two major casino resorts and a regional property could eventually generate gross gaming revenue (GGR) of US$7 billion to US$8 billion per year.


  • tweet
Related articles
  • Tokyo a place to watch in Japan casino story: experts
    Tokyo a place to watch in Japan casino...

    Oct 15, 2020  

  • Wakayama to announce new RFP dates for IR scheme
    Wakayama to announce new RFP dates for...

    Oct 12, 2020  

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