{"id":22685,"date":"2021-09-16T12:07:13","date_gmt":"2021-09-16T15:07:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22685"},"modified":"2026-04-23T15:37:43","modified_gmt":"2026-04-23T18:37:43","slug":"wakayama-and-clairvest-to-present-ir-development-plan-by-november","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wakayama-and-clairvest-to-present-ir-development-plan-by-november","title":{"rendered":"Wakayama and Clairvest to present IR development plan by November"},"content":{"rendered":"\n

The Wakayama Prefectural Government and its partner Clairvest Neem Ventures\u2019 consortium have announced a timetable for a draft IR development plan.<\/p>\n\n\n\n\n\n\n\n

Japan.- Wakayama is moving ahead with its bid to host an integrated resort, announcing that it will submit a draft plan by November<\/strong>. <\/p>\n\n\n\n

The Prefectural Government, which has partnered with a consortium led by Clairvest Neem Ventures<\/strong>, will then hold a public consultation\u00a0<\/strong>to take feedback from members of the public, city authorities, and the prefectural assembly before submitting an updated development plan by the end of December.\u00a0<\/p>\n\n\n\n

In February next year, the prefecture hopes to reach an agreement with the Wakayama City<\/strong>\u00a0and the prefectural public safety committee and seek approval from the prefectural assembly on the plan.<\/p>\n\n\n\n

In June,\u00a0Clairvest<\/a>\u00a0was left as the only IR bidder in Wakayama after\u00a0Suncity Group<\/a>\u00a0withdrew\u00a0due to uncertainty caused by the impact of the Covid-19\u00a0pandemic.<\/p>\n\n\n\n

Clairvest<\/a> has partnered with Groupe Partouche SA<\/strong> and AMSE Resorts Japan Co to form a consortium for its bid. <\/strong>Groupe Partouche SA is a French casino operator. AMSE is a company connected to William Weidner<\/strong>, former president and CEO of Las Vegas Sands.<\/p>\n\n\n\n

The initial investment in the IR development will be JPY470bn (US$4.3bn). The Wakayama Prefectural Government hopes to 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":"

The Wakayama Prefectural Government and its partner Clairvest Neem Ventures\u2019 consortium have announced a timetable for a draft IR development plan.<\/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, in collaboration with the Clairvest Neem Ventures consortium, has announced a detailed timetable for its Integrated Resort (IR) development plan submission in Japan. This strategic initiative involves public consultations and multi-tiered governmental approvals, targeting an opening by 2026 with an initial investment of JPY470bn. Clairvest remains the sole bidder following Suncity Group's withdrawal, partnering with Groupe Partouche SA and AMSE Resorts Japan Co.","focusai_entities":"Wakayama Prefectural Government, Clairvest Neem Ventures, Suncity Group, Groupe Partouche SA, AMSE Resorts Japan Co, William Weidner, Wakayama City, prefectural public safety committee, prefectural assembly","focusai_location":"Japan, Wakayama","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"What are the next regulatory hurdles?","query":"What specific regulatory approvals and legislative amendments are still required at the national government level for the Wakayama IR project to proceed beyond the April 2022 submission deadline?"},{"label":"Financial implications of sole bidder?","query":"How does Suncity Group's withdrawal and Clairvest's sole bidder status impact the financial structuring, risk profile, and potential for future capital market participation for the Wakayama IR project?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23931,23632],"class_list":["post-22685","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\/22685","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=22685"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22685\/revisions"}],"predecessor-version":[{"id":22710,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22685\/revisions\/22710"}],"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=22685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}