Mar 13, 2020 Newsdesk Japan, Latest News, Top of the deck  
Authorities in the Japanese city of Yokohama (pictured) disclosed on Thursday a draft outline for the city’s integrated resort (IR) implementation policy. The document was presented to members of the city council.
The document features detail on criteria regarding development of an integrated resort in the city.
The term “IR” is used in Japan to denote large-sale tourism facilities with meeting space, hotels, shops and entertainment as well as a casino.
A maximum of three casino resorts will be allowed in Japan in a first phase of liberalisation, and cities or prefectures qualified to have one will need to make a bid to the national government once they have chosen commercial partners for such schemes.
Earlier this month, authorities in Yokohama had made public another document, related to public policy regarding the possibility of an integrated resort in the metropolis. That paper – said to have adopted a big-picture view on the topic – is currently the subject of public consultation until April 6.
The idea is that the latter document, in concert with the draft outline for Yokohama’s integrated resort (IR) implementation policy, would form the basis for Yokohama’s overall IR policy. Such a policy should be crafted by June, to be followed by a request-for-proposal phase aimed at enabling the city to assess potential private-sector partners.
In late December it emerged that seven entities – that are already gaming operators in their own right in other markets – had submitted concepts to Yokohama regarding IR schemes.
Yokohama’s suitors included as of that time Genting Singapore Ltd, operator of Resorts World Sentosa casino complex in Singapore, and Macau-based Galaxy Entertainment Group Ltd. Those two operators had withdrawn from contention in Osaka during the request-for-proposal phase. Melco Resorts and Entertainment Ltd and Wynn Resorts Ltd – two casino groups also with Macau operations – have respectively announced a Yokohama focus in their campaign to win a Japan casino licence.
Jul 08, 2024
Jun 25, 2024
Jul 26, 2024
Jul 26, 2024
Jul 26, 2024
Border-casino operator Donaco International Ltd has achieved a 164.17-percent year-on-year increase in its latest quarterly group earnings before interest, taxation, depreciation and amortisation...(Click here for more)
”We’ve got more traction outside of Macau at the moment. But Macau’s going be a bigger focus for us”
David Punter
Regional representative at Konami Australia