Almost 80 per cent of those consulted in a survey say the Covid-19 crisis has not diminished their interest in participating.<\/p>\n\n\n\n\n\n\n\n
Japan.- The Japan Integrated Resort Association (JIRA) has revealed results of a survey on whether interest in integrated resorts (IR) had diminished due to the Covid-19 crisis and consequent delays in the bidding processes.<\/p>\n\n\n\n
Some 132 professionals responded, and about 66.7 per cent said their interest in investing in the business had not changed, and 12 per cent said their interest was higher now than before the pandemic. <\/p>\n\n\n\n
Only 21.3 per cent said their interest in Japan’s IR scheme has waned.<\/p>\n\n\n\n
For now, Japan\u2019s central government is sticking to its original plan to grant three IR licences by 2021, although it failed to deliver its basic policy<\/a><\/em><\/strong> for the selection process by its July deadline.<\/p>\n\n\n\n Due to the delays and the requirements the government wants to impose, several mayor players, including Last Vegas Sands<\/a><\/em><\/strong> and Wynn Resorts<\/a><\/em><\/strong>, have dropped out of the race.<\/p>\n\n\n\n Most of the respondents to JIRA\u2019s survey had seen their businesses hit by the novel coronavirus. JIRA said 40.9 per cent of respondents believed controlling the effects of the pandemic would be a challenge for the business. 59.1 per cent said that due to the crisis they had difficulty forecasting demand, and 61.4 per cent were concerned about the restrictions on international travel impacting business.<\/p>\n","protected":false},"excerpt":{"rendered":" Almost 80 per cent of those consulted in a survey say the Covid-19 crisis has not diminished their interest in participating.<\/p>\n","protected":false},"author":2,"featured_media":8745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A survey by the Japan Integrated Resort Association (JIRA) indicates that nearly 80% of professionals maintain or have increased their interest in Japan's IR scheme, despite COVID-19-induced delays and the withdrawal of major operators like Last Vegas Sands and Wynn Resorts. While respondents acknowledge challenges such as demand forecasting and international travel restrictions, the central government remains committed to granting three IR licenses by 2021, albeit with a delayed basic policy.","focusai_entities":"Japan Integrated Resort Association (JIRA), Last Vegas Sands, Wynn Resorts","focusai_location":"Japan","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR License Timeline?","query":"Given the continued delays in the basic policy and the government's commitment to three licenses by 2021, what is the revised, realistic timeline for the IR selection process and final license awards?"},{"label":"Impact of Operator Exits?","query":"How do the withdrawals of major global operators like Last Vegas Sands and Wynn Resorts impact the competitive dynamics and the overall quality of proposals for the remaining IR license applicants?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23632,473,470],"class_list":["post-8743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-integrated-resorts","tag-ir","tag-japan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8743","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=8743"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8743\/revisions"}],"predecessor-version":[{"id":8746,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8743\/revisions\/8746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8745"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}