Seven entities that are already gaming operators in their own right have submitted concepts to the Japanese metropolis of Yokohama regarding the idea of a so-called integrated resort (IR) there.
An additional three entities currently involved only in real estate development have also made submissions for Yokohama’s request-for-concept (RFC) phase, which had been flagged in October as having a December 23 (Monday) deadline.
The updated information is according to a statement issued on Tuesday by the city’s government, according to GGRAsia’s Japan correspondent.
Yokohama city plans to have what was termed dialogue with RFC participants – from January to March next year – then to launch a request-for-proposal (RFP) phase after that.
In November local media had reported that the seven established casino companies included entities linked to respectively: Galaxy Entertainment Group Ltd; Las Vegas Sands Corp; Melco Resorts and Entertainment Ltd; and Wynn Resorts Ltd – which all have units operating casinos in the Macau market, with Las Vegas Sands also running Marina Bay Sands in Singapore; and Genting Singapore Ltd which promotes the Resorts World Sentosa casino complex in the Singapore duopoly.
Local media had also reported that additionally in the so-called “type one” category of gaming operators – as defined by Yokohama – was an entity linked to Sega Sammy Holdings Inc. The latter is a maker of pachinko machines and operator of pachinko halls in the Japan market, and also an investor in the Paradise City casino resort near Incheon in South Korea.
The seventh operator to participate in Yokohama’s casino RFC was not identified by media outlets.
The so-called “type two” private-sector firms – i.e., those currently only in real estate – that had expressed interest in Yokohama’s RFC were also not identified in reports. In November, four companies had been mentioned in this “type two” category, but reportedly one did not make a submission under the RFC deadline, according to the latest updated information from Yokohama.
Even after a local government chooses a private-sector partner or consortium of partners regarding a casino resort, the local authorities concerned will still have to make a bid to the national government in order to be chosen as an actual host city.
In other developments, on December 20, Aichi prefecture started its request for information (RFI) process.
The RFI is reportedly for Aichi to determine whether or not to tilt at an IR. The governor, Hideaki Omura, said a decision on the matter would be made after April.
The potential site would be reclaimed land associated with the Central Japan International Airport – a facility also known as Chubu Centrair International Airport, Nagoya – which is owned by Aichi prefecture.
Matters raised by Aichi in its RFI included: the basic concept; market analysis; entire property plan; its economic impact; organisation for development and operation; and measures to enhance the attractiveness of the host area in relation to tourism.
Aichi’s RFI period started on December 20 and runs until March 31, 2020.
Jan 18, 2021Japan’s Wakayama prefecture confirmed on Friday (January 15) that no new suitors interested in being private-sector partner for the local government’s tilt at a casino resort, had come forward to...
Jan 15, 2021
“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”
Vitaly Umansky, Kelsey Zhu and Tianjiao Yu
Analysts at brokerage Sanford C. Bernstein