{"id":15432,"date":"2021-03-03T15:44:05","date_gmt":"2021-03-03T15:44:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15432"},"modified":"2026-04-23T21:23:41","modified_gmt":"2026-04-24T00:23:41","slug":"japan-foreign-interest-in-irs-shows-expectations-of-profitability","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/japan-foreign-interest-in-irs-shows-expectations-of-profitability","title":{"rendered":"Japan: foreign interest in IRs shows expectations of profitability"},"content":{"rendered":"\n<p>Minister Kazuyoshi Akaba says foreign companies&#8217; bids show expectations that IRs will be profitable.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- Kazuyoshi Akaba, Japan\u2019s minister for land, infrastructure, transport and tourism, said that Japan&#8217;s future integrated resorts were expected to be profitable for private investors. <\/p>\n\n\n\n<p>Answering <strong>questions on the feasibility of Japan&#8217;s IR <\/strong>initiative during a House of Representatives budget committee meeting, he said that foreign companies would not submit applications if they did not think Japan&#8217;s IRs would be profitable.<\/p>\n\n\n\n<p>Akaba said: &#8220;The operator will apply as a partner with the local government. If it is decided that there will be no profit at that point, they will probably not apply. <\/p>\n\n\n\n<p>&#8220;<strong>They will only apply once they have made a full and thorough risk assessment<\/strong>. After that, the <strong>government will assess the application<\/strong>.<\/p>\n\n\n\n<p>He added: \u201c<strong>Revenue for Japanese travel agents has dropped significantly due to the Covid-19 pandemic <\/strong>and as the IR opening will be in the latter part of the decade, it is difficult to assess the impact.<\/p>\n\n\n\n<p>&#8220;However, I believe the specific risks will be analyzed and then they will make a decision whether to apply or not.\u201d<\/p>\n\n\n\n<p>Japan plans for <strong>30 per cent of casino revenue to be paid to national and local government <\/strong>in addition to corporate tax.<\/p>\n\n\n\n<p>Japan wants to approve<strong>\u00a0three integrated resorts in the country<\/strong>. Proposals must include a casino, tourism attractions, hotels and meetings space.<\/p>\n\n\n\n<p>Hokkaido has excluded a <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/hokkaido-ir-development-excluded-from-2021-budget\" target=\"_blank\"><strong>potential IR development<\/strong><\/a><\/em> from its 2021 budget.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Five contenders to the next phase of Nagasaki IR bid<\/h2>\n\n\n\n<p>In Nagasaki, meanwhile, all five contenders to partner with prefecture have <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/five-groups-reach-next-phase-of-nagasaki-ir-process\" target=\"_blank\">qualified to progress to the next phase of the process<\/a><\/em>.<\/strong><\/p>\n\n\n\n<p>The<strong>\u00a0five groups<\/strong> are: a consortium led by Oshidori International Holdings Ltd; Casinos Austria International Japan; Current Group; the Niki Chau Fwu (Parkview) Group; and One Kyushu, a consortium between Tokyo-listed Pixel Companyz Inc and French gaming operator Groupe Partouche SA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister Kazuyoshi Akaba says foreign companies&#8217; bids show expectations that IRs will be profitable.<\/p>\n","protected":false},"author":176,"featured_media":15438,"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 Minister Kazuyoshi Akaba affirmed the expected profitability of future Integrated Resorts (IRs) for private investors, citing foreign companies' continued interest despite the rigorous application and risk assessment process. The government plans to approve three IRs, with 30% of casino revenue allocated to national and local governments. Meanwhile, Nagasaki's IR bid progresses with five qualified contenders, while Hokkaido has excluded IR development from its 2021 budget.","focusai_entities":"Kazuyoshi Akaba, Oshidori International Holdings Ltd, Casinos Austria International Japan, Current Group, Niki Chau Fwu (Parkview) Group, One Kyushu, Pixel Companyz Inc, Groupe Partouche SA","focusai_location":"Japan, Hokkaido, Nagasaki","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Profitability Drivers","query":"What specific financial models and market projections are foreign operators utilizing to justify the expected profitability of Japanese IRs, considering the 30% casino revenue share and corporate tax implications?"},{"label":"Regulatory Framework Evolution","query":"How might the Japanese government's assessment criteria for IR applications evolve to mitigate unforeseen risks, particularly concerning the long-term economic impact and local community integration, beyond initial profitability assessments?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-15432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15432","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15432"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15432\/revisions"}],"predecessor-version":[{"id":15459,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15432\/revisions\/15459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15438"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}