J League<\/em><\/strong> and many of the country’s professional sports such as sumo, Nippon Professional Baseball and basketball’s B League.<\/p>\n\n\n\nHowever, sports with legalized betting such as horse racing were excluded from the report.<\/p>\n\n\n\n
In a statement, Miyamoto said: “Japan’s pro sports industries have been hit hard by the coronavirus, which has caused problems since around the beginning of this year.<\/p>\n\n\n\n
“Bigger organisations, clubs and teams could perhaps endure it, but there are concerns for smaller-scale organisations and clubs that will require a lot more time to recover from it.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Economist Katsuhiro Miyamoto said that many of the country’s professional competitions will suffer losses of US$2.56 billion.<\/p>\n","protected":false},"author":2,"featured_media":6501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Covid-19 pandemic is projected to inflict US$2.56 billion in losses on Japan's professional sports industry, impacting various competitions, merchandise, and stadium concessions. Notably, sports with established legalized betting frameworks, such as horse racing, were explicitly excluded from this financial impact assessment. Smaller organizations within the non-betting sports verticals are anticipated to face significant recovery challenges.","focusai_entities":"Katsuhiro Miyamoto, J League, Tokyo 2020 Olympics, Nippon Professional Baseball, B League","focusai_location":"Japan","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Betting Vertical Resilience?","query":"What specific governance frameworks or revenue models allowed legalized betting sports in Japan to be excluded from these loss projections, indicating their comparative resilience?"},{"label":"M&A Impact on Verticals?","query":"How might the financial distress of smaller sports organizations impact potential future M&A activities or B2B partnerships within the broader Japanese entertainment and gaming verticals?"}],"footnotes":""},"categories":[161,16338,163],"tags":[470,233],"class_list":["post-6500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-japan","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6500","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=6500"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6500\/revisions"}],"predecessor-version":[{"id":777017356,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6500\/revisions\/777017356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6501"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}