The city will conduct another request-for-concept process for its integrated resort bid following the publication of Japan’s basic policy.<\/p>\n\n\n\n\n\n\n\n
Japan.- The Japan Tourism Agency has finally published its basic policy for the development of integrated resorts in the country, and now the cities and prefectures that want to bid to host the resorts must adjust their proposals to the framework.<\/p>\n\n\n\n
With the period for proposals delayed by nine months due to the pandemic crisis, Yokohama city is planning to conduct a fresh request-for-concept process in order to give its potential private partners the opportunity to add proposals for Covid-19 countermeasures and compliance \u2013 something that is required by the Basic Policy.<\/p>\n\n\n\n
Yokohama’s proposed site for an integrated resort is at Yamashita Pier.<\/p>\n\n\n\n
The seven candidate operators that submitted RFC documents in the first RFP were Shotoku Corporation, which is working with Rinaldo Corp and Current Corp \u2013 the latter is also bidding to develop an IR in Nagasaki with Hong Kong\u2019s Get Nice Holdings \u2013, Galaxy Entertainment Group, Genting Singapore, Las Vegas Sands, Melco Resorts & Entertainment, Sega Sammy Holdings and Wynn Resorts.<\/p>\n\n\n\n
Las Vegas Sands and Wynn have since backed out of the race and are not expected to submit proposals this time round.<\/p>\n","protected":false},"excerpt":{"rendered":"
The city will conduct another request-for-concept process for its integrated resort bid following the publication of Japan’s basic policy.<\/p>\n","protected":false},"author":2,"featured_media":10901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Japan's Tourism Agency has published its basic policy for Integrated Resorts, prompting Yokohama city to re-initiate its Request-for-Concept process. This adjustment aims to incorporate new requirements, including COVID-19 countermeasures and enhanced compliance frameworks. The move follows a nine-month delay and sees major operators like Las Vegas Sands and Wynn Resorts withdrawing from the bidding process.","focusai_entities":"Japan Tourism Agency, Shotoku Corporation, Rinaldo Corp, Current Corp, Get Nice Holdings, Galaxy Entertainment Group, Genting Singapore, Las Vegas Sands, Melco Resorts & Entertainment, Sega Sammy Holdings, Wynn Resorts","focusai_location":"Japan, Yokohama, Nagasaki, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Policy Impact","query":"How will the Japan Tourism Agency's basic policy specifically alter the financial projections and operational governance frameworks for remaining IR bidders in Yokohama?"},{"label":"Operator Strategy Shift","query":"What are the underlying strategic and capital allocation reasons for Las Vegas Sands and Wynn Resorts' withdrawal from the Japan IR race, and what does this signify for other potential large-scale integrated resort developments globally?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[473,470,909],"class_list":["post-10898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-ir","tag-japan","tag-yokohama"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10898"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10898\/revisions"}],"predecessor-version":[{"id":10903,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10898\/revisions\/10903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10901"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}