Yokohama releases draft IR policy
The document states that the proposed resort must include an international convention centre, hotels and other non-gaming areas.
Japan.- The Yokohama prefecture has published a draft implementation policy and recruitment guidelines for its integrated resort bid.
The draft outlines the role of the chosen casino operator and the procedure for potential private partners to submit their proposals to the city’s IR operator selection committee.
The policy states that the resort must have an international conference hall, non-gaming facilities and privately-operated hotels.
The policy also includes rules that will apply if an operator experiences financial difficulties. It also demands the company make efforts to revitalise the local economy and tourism industry.
The policy will be discussed further at a council meeting, after which symposiums and briefings will be held to inform residents about the project.
Yokohama is one of the locations in the race for one of three casino licences Japan’s central government plans to issue in 2022. Genting Singapore is one of the potential private partners that has already expressed interest in the project.
The prefecture recently named former finance minister Eisuke Sakakibara as head of the committee that will decide on the private operator for its integrated resorts bid. The committee includes seven experts from various fields.
