{"id":20527,"date":"2021-07-21T11:28:28","date_gmt":"2021-07-21T11:28:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20527"},"modified":"2026-04-23T17:24:42","modified_gmt":"2026-04-23T20:24:42","slug":"clairvest-confirmed-as-ir-partner-in-wakayama","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clairvest-confirmed-as-ir-partner-in-wakayama","title":{"rendered":"Clairvest confirmed as IR partner in Wakayama"},"content":{"rendered":"\n<p>The Wakayama Prefectural Government has approved Clairvest Neem Ventures\u2019 consortium as its partner for its planed integrated resort.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- The Wakayama Prefectural Government has finally announced\u00a0<strong>Clairvest Neem Ventures as its IR partner<\/strong>.<\/p>\n\n\n\n<p>The authorities have approved the consortium&#8217;s <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wakayama-clairvest-presents-ir-plans\">integrated resort plans<\/a><strong>\u00a0<\/strong>that it presented last week. <\/p>\n\n\n\n<p>In June,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wakayama-to-confirm-clairvest-as-ir-partner\">Clairvest<\/a>\u00a0was left as the only IR bidder in Wakayama after\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/japan-suncity-group-withdraws-from-wakayama-ir-bid\">Suncity Group<\/a> withdrew from the process\u00a0<strong>due to uncertainty caused by the impact of the Covid-19\u00a0<\/strong>pandemic.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wakayama-clairvest-partners-with-two-companies-for-ir-bid\">Clairvest<\/a>\u00a0has partnered with\u00a0<strong>Groupe Partouche SA<\/strong>\u00a0and<strong>\u00a0AMSE Resorts Japan Co to form a consortium for its bid.\u00a0<\/strong>Groupe Partouche SA is a french casino operator while AMSE is a company connected to\u00a0<strong>William Weidner<\/strong>, former president and CEO of Las Vegas Sands.<\/p>\n\n\n\n<p>It&#8217;s initial investment in the IR development will be JPY470bn (US$4.3bn). <\/p>\n\n\n\n<p>The Wakayama Prefectural Government hopes to\u00a0<strong>open an Integrated Resort by 2026<\/strong>. It must submit its area development plan to the national government for approval by April 28, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wakayama Prefectural Government has approved Clairvest Neem Ventures\u2019 consortium as its partner for its planed integrated resort.<\/p>\n","protected":false},"author":176,"featured_media":18574,"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 Wakayama Prefectural Government has formally selected Clairvest Neem Ventures' consortium as its integrated resort (IR) development partner. This decision follows Suncity Group's prior withdrawal, positioning Clairvest, in partnership with Groupe Partouche SA and AMSE Resorts Japan Co, as the sole proponent for the JPY470bn project. The consortium aims for a 2026 opening, pending national government approval of its area development plan by April 2022.","focusai_entities":"Wakayama Prefectural Government, Clairvest Neem Ventures, Suncity Group, Groupe Partouche SA, AMSE Resorts Japan Co, William Weidner, Las Vegas Sands","focusai_location":"Japan, Wakayama","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"National Approval Outlook","query":"What are the key regulatory hurdles and potential timelines for Clairvest Neem Ventures' area development plan to secure final national government approval, and what are the implications if the April 2022 deadline is missed?"},{"label":"Investment & Funding Structure","query":"How will the JPY470bn investment be structured, what is the equity contribution breakdown among consortium partners, and what are the anticipated debt financing arrangements for this integrated resort project?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23931,23632],"class_list":["post-20527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-clairvest-neem-ventures","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20527","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=20527"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20527\/revisions"}],"predecessor-version":[{"id":20553,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20527\/revisions\/20553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18574"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}