{"id":26974,"date":"2022-02-04T07:08:43","date_gmt":"2022-02-04T10:08:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26974"},"modified":"2026-04-23T11:37:10","modified_gmt":"2026-04-23T14:37:10","slug":"tokyo-sets-aside-us87000-for-ir-research-in-2022-budget","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tokyo-sets-aside-us87000-for-ir-research-in-2022-budget","title":{"rendered":"Tokyo sets aside US$87,000 for IR research in 2022 budget"},"content":{"rendered":"\n

Authorities in Tokyo are considering bidding for one of the three integrated resort licences Japan will allow in the first round of development.<\/p>\n\n\n\n\n\n\n\n

Japan.- As part of the Tokyo Metropolitan Government’s fiscal year 2022 budget, Tokyo\u2019s Bureau of Port and Harbor has secured JPY10m (US$87,000)<\/strong> for an integrated resort (IR) study.<\/p>\n\n\n\n

Last October,\u00a0Japan\u2019s bicameral legislature opened the application window for three integrated resorts licences<\/a>. Those cities and prefectures interested have until April 28 2022 to submit their final project proposals.<\/p>\n\n\n\n

There are currently only\u00a0three cities expected to bid:\u00a0<\/strong>Nagasaki, Osaka and Wakayama. All three could be chosen; however, the public authority may pick only one or two, or even none. As regards Tokyo, a survey by a local newspaper found that\u00a066 per cent are against an IR development<\/strong>\u00a0and\u00a0only 24 per cent are in favour<\/a>.<\/p>\n\n\n\n

Wakayama dismisses demands for IR referendum<\/h2>\n\n\n\n

Authorities in Wakayama have rejected a call for a public referendum\u00a0<\/strong>on whether or not to allow proposals for an integrated resort in the city. Last November, an\u00a0anti-IR group<\/a>\u00a0began collected more than 8,000 signatures on a petition calling for a referendum on the city\u2019s integrated resort plans.<\/p>\n\n\n\n

A special session of the Council took place from January 24 to 27 to debate and vote on the referendum. Finally, 28 officials voted against and\u00a0only 9 of the 38-member council supported the plebiscite<\/strong>.<\/p>\n\n\n\n

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

Authorities in Tokyo are considering bidding for one of the three integrated resort licences Japan will allow in the first round of development.<\/p>\n","protected":false},"author":176,"featured_media":13429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tokyo is evaluating a bid for one of Japan's three integrated resort licenses, allocating JPY10m for a study despite significant local opposition. Concurrently, Wakayama authorities have dismissed calls for a public referendum on their JPY470bn IR development plan, which targets a 2026 opening, ahead of the April 28, 2022, national submission deadline.","focusai_entities":"Tokyo Metropolitan Government, Tokyo's Bureau of Port and Harbor, Japan's bicameral legislature, Nagasaki, Osaka, Wakayama Prefectural Government, Wakayama Council","focusai_location":"Tokyo, Japan, Nagasaki, Osaka, Wakayama","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IR Governance Frameworks","query":"What are the specific governance frameworks Japan's national government will prioritize in evaluating IR bids, particularly concerning responsible gambling and anti-money laundering protocols?"},{"label":"Tokyo Bid Viability","query":"How will the significant public opposition in Tokyo, as indicated by the 66% against IR development, impact the political capital and long-term operational viability for any potential IR operator?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-26974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26974","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=26974"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26974\/revisions"}],"predecessor-version":[{"id":27007,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26974\/revisions\/27007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13429"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}