Yokohama kicks off first of six online IR briefings

Participants asked how much extra revenue the city can expect and what the money will be used for.

Japan.- The city of Yokohama has held the first in a series of briefings that aim to sell its integrated resorts plans to its citizens.

The first briefing was held online on Saturday, February 6. Five more are due to take place before March 14.

At the first briefing, deputy mayor Toshihide Hirahara said: “I believe that this will be one of the sparks needed for economic recovery after coronavirus.”

Hirahara said the IR would have a positive impact on the economic development of the city and contribute to job creation and tourism.

City officials also promised that 15 per cent of the casino’s revenue would go to the city.

Although the first briefing was held online due to Covid-19 countermeasures, authorities plan to present the next events at satellite venues.

The city council aims to choose its private operator partner for its integrated resort bid by March 22, 2022.