Yokohama city is evaluating a way to move forward with its integrated resort project after hold ups due to the pandemic.
Japan.- Yokohama city is concerned on the viability of its integrated resort (IR) project due to the Covid-19 pandemic. According to a senior official, the city is planning to press investors that previously showed interested in the project.
Toshihide Hirahara, who has responsibility for the city’s initiative to develop a large-scale casino complex, said the intention is to contact those operators that submitted proposals under Yokohama’s request-for-concept (RFC) process, which took place in late December.
Before the pandemic crisis, it had been calculated that building an IR would cost up to US$10 billion. Now some analysts consider it should be less.
Meanwhile, the Japanese central government has yet to reveal its basic policy on IRs.