Japan issues IR proposal timeline
The Japan Tourism Agency announced it will receive IR licensing proposals from local governments between January 4 and July 30, 2021.
Japan.- The casino industry is getting closer each day to Japan and IR developments will soon arrive. The initiative has taken another step further as the Japan Tourism Agency announced further details on the licensing schedule.
The Agency explained it will accept proposals from local governments between January 4 and July 30, 2021. Therefore, we can expect Japan regions to pick IR consortium partners in late 2020 and early 2021.
The Agency also disclosed it has conducted consultations with interested governments. The Tokyo Metropolitan Government, prefectures of Hokkaido, Nagasaki, Osaka, and Wakayama; and the cities of Chiba, Nagoya, Osaka, and Yokohama contacted them.
Yokohama’s latest developments
The gaming industry will soon expand in Japan and most of the largest jurisdictions want a piece of it. That’s why casino companies are looking forward to getting a Yokohama development, by Yamashita Pier.
The municipal government revealed that seven IR operators are involved in its RFC (request for comments) process. Galaxy, Genting, Melco, Sands, Sega Sammy, and Wynn had already voiced their interest in the region. However, there is an undisclosed seventh player involved.
All casino operators will file with the government of Yokohama their concept proposals before December 23. Then, in the first quarter of 2020, they’ll discuss the projects.
