Kenji Kitahashi<\/em><\/strong> was not thinking about this idea, the distant July 2021 final deadline announced this week changed his mind.
\u201cI am frankly very happy that Kitakyushu city has been considered from so many cities and we will consider the specific concept. I want to study it properly.\u201d, said last week. What changed his mind was a meeting he had with a group of investors from Hong Kong and USA.
The investors, who are calling themselves \u201cThe Team IR Japan,\u201d were led by Michael Soll, president of The Innovation Group.
There are two possible places to construct the IR. The first option is next to Kokura Station\u2019s north exit, the most suitable due to its central location and it is a walking distance from the Shinkansen. The other option is the Kitaku area in Moji Ward.\u00a0
The investment amount is expected to be over JPY600 billion. The casino is expected to generate around JPY250 billion in annual revenue and JPY75 billion in tax revenue.
<\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Kitahashi expressed interest in the IR proposals, but has not moved off of his neutral stance at this point<\/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":"Kitakyushu Mayor Kenji Kitahashi is now considering an Integrated Resort (IR) proposal following a meeting with \"The Team IR Japan,\" an investor group led by Michael Soll of The Innovation Group. This shift in stance comes ahead of Japan's July 2021 IR application deadline, with potential sites identified near Kokura Station or in Moji Ward. The project projects over JPY600 billion in investment and significant annual gaming and tax revenues.","focusai_entities":"Kenji Kitahashi, The Team IR Japan, Michael Soll, The Innovation Group","focusai_location":"Japan, Kitakyushu, Hong Kong, USA, Kokura, Moji Ward","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Proposal Feasibility","query":"What specific governance frameworks and regulatory compliance hurdles must \"The Team IR Japan\" navigate to secure an IR license in Kitakyushu, and how do these compare to other potential Japanese IR sites?"},{"label":"Investment & Revenue Projections","query":"Given the projected JPY600 billion investment and JPY250 billion annual casino revenue, what are the underlying market assumptions for GGR and NGR, and how will the proposed tax revenue of JPY75 billion impact the local and national fiscal outlook?"}],"footnotes":""},"categories":[160,28,16338],"tags":[96,29,473,470],"class_list":["post-891","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-asia","tag-casino","tag-ir","tag-japan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/891","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=891"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/891\/revisions"}],"predecessor-version":[{"id":777015478,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/891\/revisions\/777015478"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}