Genting Singapore Ltd goes all in on Japan IR bid in Yokohama.<\/p>\n\n\n\n\n\n\n\n
Japan.- Genting Singapore Ltd will focus all of its efforts on Yokohama as part of plans to enter Japan’s fledgling IR sector. <\/p>\n\n\n\n
The operator has previously showed interest in Osaka but has now put all its efforts into preparing a bid in Yokohama. <\/p>\n\n\n\n
\u201cWhile Genting Singapore participated in the Osaka RFC [request-for-concept phase]; after reviewing and considering shareholder feedback, it did not register for the Osaka RFP, for which registration closed on February 14, 2020,\u201d a Genting spokesperson told GGRAsia.<\/p>\n\n\n\n
A maximum of three integrated resorts will be allowed in the country\u2019s first phase of regulating the sector. <\/p>\n\n\n\n
\u201cGenting Singapore will continue to engage in the ongoing RFC by Yokohama, and focus efforts and resources on delivering a compelling proposal which will make Yokohama a must-visit tourism destination, with particular prominence in MICE and leisure,\u201d the spokesperson added.<\/p>\n\n\n\n
According to local press, a 47-hectare site on Yokohama city\u2019s waterfront at Yamashita pier where the local authorities\u2019 have set aside for developing a casino resort complex.<\/p>\n\n\n\n
The government said last week it would announce in March the city\u2019s \u201cdraft basic policy\u201d on IRs, and there would be a period of public consultation on that draft, starting the same month.<\/p>\n\n\n\n
It is expected to have a final version of the local IR policy by June<\/p>\n","protected":false},"excerpt":{"rendered":"
Genting Singapore Ltd goes all in on Japan IR bid in Yokohama.<\/p>\n","protected":false},"author":2,"featured_media":3831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Singapore Ltd has strategically pivoted its Japan Integrated Resort (IR) development efforts, withdrawing from the Osaka RFP to concentrate solely on a bid in Yokohama. This decision, influenced by shareholder feedback, positions Genting to deliver a comprehensive proposal for a 47-hectare waterfront site, emphasizing MICE and leisure tourism within Yokohama's emerging IR framework.","focusai_entities":"Genting Singapore Ltd, GGRAsia","focusai_location":"Japan, Yokohama, Osaka","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Yokohama IR Bid Impact","query":"What specific competitive advantages does Genting Singapore perceive in Yokohama over Osaka, and how might this strategic focus influence other potential IR bidders' decisions in Japan?"},{"label":"Shareholder Feedback Details","query":"What were the primary drivers behind the \"shareholder feedback\" that led Genting Singapore to withdraw from the Osaka RFP, and how does this reflect broader investor sentiment regarding Japan's IR market?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[29,470,9905],"class_list":["post-3829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-casino","tag-japan","tag-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3829","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=3829"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3829\/revisions"}],"predecessor-version":[{"id":3859,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3829\/revisions\/3859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3831"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}