{"id":21910,"date":"2021-08-24T13:39:32","date_gmt":"2021-08-24T16:39:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21910"},"modified":"2026-04-23T16:20:24","modified_gmt":"2026-04-23T19:20:24","slug":"yokohama-ir-plans-will-be-cancelled-soon-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/yokohama-ir-plans-will-be-cancelled-soon-analysts-say","title":{"rendered":"Yokohama IR plans will be cancelled soon, analysts say"},"content":{"rendered":"\n

While Genting Singapore awaits an official announcement, analysts believe Yokohama’s request-for-proposal (RFP) process for an IR will be dropped.<\/p>\n\n\n\n\n\n\n\n

Japan.- Although there hasn’t been an official announcement yet, analysts at Maybank Investment Bank Bhd believe plans to develop an\u00a0integrated resort in Yokohama\u00a0<\/strong>will be shelved soon following\u00a0Takeharu Yamanaka<\/strong>‘s victory in mayoral elections.<\/p>\n\n\n\n

Yamanaka<\/strong> was one of several anti-IR candidates<\/a>. According to local media reports, Yamanaka said: “We will issue a formal statement soon making it clear that\u00a0Yokohama will not make a hosting bid for an IR<\/strong>.”<\/p>\n\n\n\n

Brokerage Nomura\u00a0<\/strong>said: “Investors who were positioning for positive news out of Yokohama for Genting Singapore, as well as for parent company Genting Bhd \u2026 might take the news negatively in the near term.\u201d<\/p>\n\n\n\n

However,\u00a0Genting Singapore is still waiting for an official announcement<\/strong>. It said it would not consider immediately withdrawing its IR proposal.\u00a0<\/p>\n\n\n\n

It said: “We believe that\u00a0we are the leading company in the IR business<\/strong>\u00a0in Japan, and we will not give up the opportunity soon.”<\/p>\n\n\n\n

In June, Genting Singapore<\/a> had announced a partnership with Sega Sammy <\/strong>to join its bid to build an integrated resort in Yokohama.<\/p>\n\n\n\n

At the time, Sega Sammy hailed Genting Singapore as the best possible partner for an integrated resort <\/strong>due to its successful Resorts World Sentosa operation in Singapore. <\/p>\n\n\n\n

The other IR contender for Yokohama,\u00a0Melco Resorts & Entertainment<\/strong>, has not made any statement yet.<\/p>\n","protected":false},"excerpt":{"rendered":"

While Genting Singapore awaits an official announcement, analysts believe Yokohama’s request-for-proposal (RFP) process for an IR will be dropped.<\/p>\n","protected":false},"author":176,"featured_media":18304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts anticipate Yokohama's Integrated Resort (IR) request-for-proposal process will be terminated following the election of anti-IR mayor Takeharu Yamanaka. This development negatively impacts companies like Genting Singapore and Genting Bhd, who were positioning for the opportunity, though Genting Singapore maintains its interest. Melco Resorts & Entertainment, another contender, has yet to comment.","focusai_entities":"Genting Singapore, Maybank Investment Bank Bhd, Takeharu Yamanaka, Genting Bhd, Nomura, Sega Sammy, Melco Resorts & Entertainment","focusai_location":"Yokohama, Japan, Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Japan IR Strategy","query":"How will Genting Singapore and Melco Resorts & Entertainment pivot their Japan market entry strategies following the likely withdrawal of Yokohama's IR bid?"},{"label":"Capital Reallocation Impact","query":"What are the projected capital reallocation strategies for Genting Bhd and Genting Singapore given the potential loss of the Yokohama IR development opportunity?"}],"footnotes":""},"categories":[16338,154,158],"tags":[23687,23632],"class_list":["post-21910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legislation-news","category-slider-home","tag-genting-singapore","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21910","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=21910"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21910\/revisions"}],"predecessor-version":[{"id":21945,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21910\/revisions\/21945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18304"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}