{"id":2434,"date":"2020-01-17T08:51:53","date_gmt":"2020-01-17T08:51:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=2434"},"modified":"2026-04-24T08:50:23","modified_gmt":"2026-04-24T11:50:23","slug":"yokohama-budget-resort-ir","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/yokohama-budget-resort-ir","title":{"rendered":"Yokohama increase its budget for IR bid"},"content":{"rendered":"\n<p>The metropolitan city will add US$3.6 million to its initial budget plan for costs related to its proposed IR venture<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- While the casino bribe scandal continues to make headlines in Japan, <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/yokohama-rfc-process-for-ir-in-motion\">Yokohama City<\/a><\/em><\/strong> is still moving ahead with its IR bid, significantly increasing its budget for the project. The metropolitan city will add JPY 400 million (US$3.6 million) to its initial budget plan this year for costs related to the IR venture.<\/p>\n\n\n\n<p>The investment will be divided between different areas: JPY 220 million (US$2 million) has been earmarked for recruitment, selecting an operator partner as well as devising an area improvement plan; JPY 95 million (US$862,000)\u00a0in research expenses for transport infrastructure; JPY 55 million (US$500,000) for public relations expenses such as resident briefings; and JPY 10 million (US$90,000) for research into problem gambling strategies, according to local reports.<\/p>\n\n\n\n<p>Yokohama is one of the main candidates to obtain one of the three IR licenses Japan\u2019s government will hand out and the city is doing all it can to ensure it remains in the running. From October to December 2019 the city received submissions from seven interested operators looking to construct an IR should it receive a licence.\u00a0<\/p>\n\n\n\n<p>Some of the interested companies are <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/yokohama-resort-wynn\">Wynn Resorts<\/a><\/em><\/strong> and Melco Resorts &amp; Entertainment which has already declared its \u201cYokohama First\u201d policy and intention to open a local office in the city in September. Las Vegas Sands also indicated in October that Yokohama had become the main focus of its plans for Japan.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The metropolitan city will add US$3.6 million to its initial budget plan for costs related to its proposed IR venture<\/p>\n","protected":false},"author":2,"featured_media":2440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Yokohama City has significantly increased its budget by JPY 400 million (US$3.6 million) for its proposed Integrated Resort (IR) venture, demonstrating continued commitment despite an ongoing casino bribe scandal in Japan. This additional capital is allocated across recruitment, operator selection, infrastructure research, public relations, and problem gambling strategies, as Yokohama vies for one of Japan's three IR licenses. Major operators like Wynn Resorts, Melco Resorts & Entertainment, and Las Vegas Sands have expressed strong interest in the Yokohama project.","focusai_entities":"Yokohama City, Wynn Resorts, Melco Resorts & Entertainment, Las Vegas Sands, Japan's government","focusai_location":"Japan, Yokohama","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.8), operator_casino (0.95), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Impact of Scandal?","query":"How might the ongoing casino bribe scandal in Japan influence the final IR license allocation process and the public perception of Yokohama's bid, despite its increased budget commitment?"},{"label":"Operator Selection Criteria?","query":"What specific criteria will Yokohama City prioritize in its operator partner selection process, given the substantial budget allocated for recruitment and devising an area improvement plan?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,473,470,2131,909],"class_list":["post-2434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-ir","tag-japan","tag-resort","tag-yokohama"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2434","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2434"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2434\/revisions"}],"predecessor-version":[{"id":2461,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2434\/revisions\/2461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2440"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}