Miyagi’s IR bid is still uncertain as Governor Yoshihiro Murai says that he hasn’t reached a conclusion yet on whether he wants to push for development.
Mayor Fumiko Hayashi is expected to announce later this week that Yokohama will join the race for an IR bid in order to develop its own venue.
Bernstein Research has estimated that the three integrated resorts (IRs) in Japan are likely to generate between €8 billion and €10 billion in revenue.
As the casino industry approaches, Japan has yet to release the IR Basic Plan (to outline regulations) but it could arrive before the end of the year.
Melco Resorts & Entertainment has reiterated that a Japan casino continues to be a core focus for the company.
The local Chamber of Commerce & Industry urged Mayor Fumiko Hayashi to favour a Yokohama IR, as the country continues to outline casino regulations.
Japanese company Current Corp stated that it would invest in a Nagasaki IR, should the prefecture decide to push for a licence once regulations come through.
An anti-gambling group is pushing against a Yokohama IR and sent a letter to Mayor Fumiko Hayashi warning about the opposition such a project will face.