IR Expo<\/a><\/em><\/strong> being held in Yokohama this week. <\/p>\n\n\n\nDespite opposition efforts to block the licensing and construction of IRs in the country, he said an integrated resort would increase tourism and raise much-needed taxes for the city.<\/p>\n\n\n\n
\u201cThe rate of growth in the number of foreign visitors to our area is low when we consider the national rate, and 80% of trips are day trips,\u201d he said.<\/p>\n\n\n\n
\u201cThere is a decrease in the population and a decrease in collected taxes \u2013 JPY 2.5 trillion (US$23 billion) is required to repair roads managed by the city, to rebuild elementary and junior high schools and for disaster countermeasures,\u201d he added.<\/p>\n\n\n\n
The proposed sites is 47 hectares of Yamashita Wharf with estimates of up to 40 million annual visitors should an IR be constructed on the land. This would lead to an estimated economic ripple effect of JPY 650 billion (US$6 billion) to 1.2 trillion (US$11 billion).
<\/p>\n","protected":false},"excerpt":{"rendered":"
Mayor Toshihide Hirahara talks up the potential economic benefit Yokohama can enjoy should it be granted a licence to develop an IR.<\/p>\n","protected":false},"author":2,"featured_media":0,"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's Deputy Mayor, Toshihide Hirahara, advocates for the city securing one of Japan's three integrated resort licenses, citing significant economic benefits. He highlights the potential for increased tourism, substantial tax revenue generation, and a projected economic ripple effect of JPY 650 billion to 1.2 trillion, crucial for addressing local infrastructure deficits.","focusai_entities":"Toshihide Hirahara","focusai_location":"Japan, Yokohama","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.75), operator_casino (1.0), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Licensing Impact","query":"What specific governance frameworks and regulatory compliance measures are being proposed to mitigate social impacts and ensure responsible gambling within the Yokohama IR project?"},{"label":"Economic Feasibility","query":"How do the projected economic ripple effects and tax revenues compare to the initial capital expenditure and long-term operational costs for a Yokohama IR, and what are the key risk factors?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[473,470,2131,909],"class_list":["post-2938","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-ir","tag-japan","tag-resort","tag-yokohama"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2938","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=2938"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2938\/revisions"}],"predecessor-version":[{"id":2988,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2938\/revisions\/2988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}