{"id":18265,"date":"2021-05-25T14:58:47","date_gmt":"2021-05-25T14:58:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18265"},"modified":"2026-04-23T19:14:56","modified_gmt":"2026-04-23T22:14:56","slug":"yokohama-ir-tender-likely-to-go-to-genting-or-melco","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/yokohama-ir-tender-likely-to-go-to-genting-or-melco","title":{"rendered":"Yokohama IR tender likely to go to Genting or Melco"},"content":{"rendered":"\n

According to analysts, one of the contenders is now looking for a minority stake, leaving Genting Singapore and Melco Resorts to compete for Yokohama’s IR bid.<\/p>\n\n\n\n\n\n\n\n

Japan.- It seems the competition to become Yokohama’s partner for its IR bid is coming down to two main contenders: Genting Singapore and Melco Resorts<\/strong>.<\/p>\n\n\n\n

Galaxy Entertainment<\/a> has already pulled out of the race. There remain two other companies interested, Sega Sammy<\/strong>, and Shotoku, but the former has said it is now seeking a minority stake in the development.<\/p>\n\n\n\n

It said: “It would be better to form a partnership with a foreign company<\/strong>. In this way, from the perspective that we would be able to form a good partnership, we have shifted our stance<\/strong> to aim the participation as a minority.\u201d<\/p>\n\n\n\n

The company said it saw the law related to IR developments as a major concern <\/strong>as doubts remain over the duration of agreements.<\/p>\n\n\n\n

As for Shotoku, analysts believe the company is too small to develop an Integrated Resort<\/strong> alone<\/strong>, leaving Genting Singapore and Melco Resorts as the only contenders capable of winning the IR bid.<\/p>\n\n\n\n

Maybank Research has said it believes that Genting Singapore<\/strong> is well-positioned to win Yokohama\u2019s IR bid<\/a>.<\/p>\n\n\n\n

According to analysts, Yokohama’s planned IR development could generate a gross gaming revenue (GGR)<\/strong> of nearly US$7bn a year and US$2.7bn in net profit<\/strong>.<\/p>\n\n\n\n

However, the Yokohama IR development may depend on upcoming mayoral elections<\/strong>. Current mayor<\/a> Fumiko Hayashi <\/strong>has not yet decided if she will run for a fourth period, and there are two anti-IR candidates seeking election.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to analysts, one of the contenders is now looking for a minority stake, leaving Genting Singapore and Melco Resorts to compete for Yokohama’s IR bid.<\/p>\n","protected":false},"author":176,"featured_media":18283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The competition for Yokohama's Integrated Resort (IR) bid has narrowed to Genting Singapore and Melco Resorts, following Galaxy Entertainment's withdrawal and Sega Sammy's strategic shift to seeking a minority stake. Analysts project the IR could generate US$7bn in Gross Gaming Revenue (GGR) annually, though the project faces political uncertainty with upcoming mayoral elections and anti-IR candidates.","focusai_entities":"Genting Singapore, Melco Resorts, Galaxy Entertainment, Sega Sammy, Shotoku, Maybank Research, Fumiko Hayashi","focusai_location":"Yokohama, Japan","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.98), investor_analyst (0.97), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Agreement Stability?","query":"What specific regulatory or legislative changes are anticipated that could impact the long-term viability and duration of IR agreements in Japan, as highlighted by Sega Sammy's concerns?"},{"label":"Mayoral Election Impact?","query":"How might the outcome of Yokohama's mayoral elections specifically alter the IR development timeline, the competitive landscape for the remaining bidders, and the overall project's feasibility?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23687,23632,23970],"class_list":["post-18265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-genting-singapore","tag-integrated-resorts","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18265","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=18265"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18265\/revisions"}],"predecessor-version":[{"id":18287,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18265\/revisions\/18287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18283"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}