Japan’s new IR policy will be postponed after opposition parties move to stop the process in its tracks.<\/p>\n\n\n\n\n\n\n\n
Japan.- The Japanese government has postponed Basic Policy outlining the final criteria for integrated resort operators looking to take part in the country’s IR plans due to pressure from opposition parties. The policy was expected to be published this month but it has been postponed until February. <\/p>\n\n\n\n
The delay is primarily in response to the recent 500.com bribery case, with the Diet deciding it needs more time to assess public opinion and decide how it will resolve the issue. It will also consider additional rules for contact between IR operators and government officials, which will be written in to the policy.<\/p>\n\n\n\n
The government should start accepting applications for IRs between January and July 2021, but needs to pass Basic Policy before the process can get underway. From August 2021, up to three areas will be approved with the first IRs likely to open in the second half of the decade.<\/p>\n\n\n\n
Osaka, Yokohama, Nagasaki and Wakayama have all confirmed their intention to develop an IR.<\/p>\n\n\n\n
But after news of the 500.com scandal, four opposition parties \u2013 the Constitutional Democratic Party, Democratic Party for the People, Japanese Communist Party and Social Democratic Party \u2013\u00a0jointly submitted a bill to abolish the IR Promotion Act.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan’s new IR policy will be postponed after opposition parties move to stop the process in its tracks.<\/p>\n","protected":false},"author":2,"featured_media":2589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Japan's government has postponed the publication of its Basic Policy for integrated resort (IR) operators until February, delaying the application process. This decision stems from pressure from opposition parties and the recent 500.com bribery scandal, prompting a reassessment of public opinion and the consideration of stricter rules for operator-government interactions. Opposition parties have also submitted a bill to abolish the IR Promotion Act, introducing significant uncertainty.","focusai_entities":"500.com, Constitutional Democratic Party, Democratic Party for the People, Japanese Communist Party, Social Democratic Party","focusai_location":"Japan, Osaka, Yokohama, Nagasaki, Wakayama","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Policy Impact","query":"What specific amendments to the IR Basic Policy are anticipated to address the 500.com bribery scandal and enhance governance frameworks for operator-government interactions?"},{"label":"Legislative Risk Assessment","query":"How likely is the opposition's bill to abolish the IR Promotion Act to succeed, and what are the contingency plans for potential IR operators given this legislative uncertainty?"}],"footnotes":""},"categories":[160,28,16338,154,158],"tags":[29,473,470,225],"class_list":["post-2586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-legislation-news","category-slider-home","tag-casino","tag-ir","tag-japan","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2586","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=2586"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2586\/revisions"}],"predecessor-version":[{"id":2596,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2586\/revisions\/2596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2589"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}