Saturday, October 24, 2020

Tag: Japan

Deferred: Osaka and Wakayama delay RFPs

Japan integrated resort licences delayed
Due to the ongoing coronavirus pandemic, both prefectures have decided to delay the selection of a private-sector partner, a necessary step in order to make a bid for one of Japan’s first three integrated resort licences.

Sands decision to pull out of IR race doesn’t bode well for Japan

casino resorts Japan IR
Steve Norton, chairman and CEO of Norton Management and a former casino executive holding senior roles at Sands, Gold River Gaming and Argosy Gaming among others, looks at some of the contradictions in the national attitude towards gambling and discusses what the country’s government could do to make its first tranche of licences more attractive for major international operators.

Osaka RFP could be further delayed due to coronavirus

Japan Osaka RFP delay
The regional authorities in Osaka have suggested that the prefecture’s RFP process has been placed on the back-burner while it deals with the immediate issue of the coronavirus pandemic.

Yokohama postpones release of IR Implementation Policy

Yokohama Mayor confirms postponement integrated resort policy
The mayor of Yokohama, Fumiko Hayashi, has confirmed the city has pushed back it the announcement of its integrated resort implementation policy and its request-for-proposal (RFP) application requirements until August.

Mohegan Gaming and Entertainment weighing up Japan IR bid

Mohegan Japan Mario Kontomerkos
Mohegan Gaming and Entertainment has confirmed it is still considering whether to make a bid to enter Japan’s nascent integrated resorts market.

Japan pushes forward with IR policy despite coronavirus

Japan Yen coronavirus
Amid the ongoing coronavirus crisis, local governments are pushing forward with the necessary groundwork to make a bid for one of Japan’s first three integrated licences, with Wakayama prefecture announcing the launch its RFP process at the end of March.

Yokohama continues to attract interest from major international operators

Japan Yokahama
While the casino bribery scandal has come as a further blow to public support for the Liberal Democratic Party’s plans to bring integrated resorts to Japan

Bribery allegations threaten Japanese market opening

bribery allegations Japanese market
A handful of lawmakers are alleged to have received payments in exchange for supporting lobbying efforts to secure an integrated resort concession in..

Wakayama steps up, Nagasaki shifts into high gear, and Hokkaido throws in the towel

Japan IR licence
Wakayama prefecture has purchased the land for a prospective casino resort in a $70.8m deal, while Nagasaki prefecture received four confirmed applicants for..

Nagasaki, Osaka, Yokohama and Hokkaido emerge as frontrunners in IR licence race

Nagasaki Osaka Yokohama IR licence
Nagasaki launched its RFC phase at the start of October, while Hirofumi Yoshimura, the governor of Osaka stated the prefecture would launch its RFP phase..

NagaCorp moving forwards with $3.5bn Naga 3 expansion in Phnom Penh

NagaCorp expansion in Phnom Penh
While NagaCorp is considering a Japan IR licence bid and is on track to open the first phase of its Russian casino resort Naga Vladivostok in Q2 2020..

2025 deadline for Osaka IR “unlikely”

Osaka IR 2025 Deadline unlikely
While analysts have suggested that the Japanese government will need to resolve several outstanding issues by Q2 2020, in order for Osaka to have an IR open

Osaka says hai to IRs following April elections

Japan Street Osaka
Osaka has launched its request-for-concept application phase with the local government accepting operator proposals to develop an integrated resort in the region, following April’s Unified Local Elections.

Japan’s Simple Create joins Diamond Fortune casino development

Japan, Simple Create, join, Diamond Fortune, casino development
Japan-based Simple Create partnered with Diamond Fortune Holdings, which is building a casino project in the Primorye Integrated Entertainment Zone (IEZ), near Vladivostok. Following the announcement, Diamond For- tune confirmed that it has “adjusted” its $270m IR development in the IEZ - now known as “Imperial” - to take into account Simple Create’s participation. Previously, the project had the working...

Osaka emerges as frontrunner for Japan’s first IR licences

Osaka, Japan, MGM
MGM Resorts CEO James Murren has confirmed the company will be pursing an “Osaka-first strategy” in its bid to secure one of Japan’s three IR licences. MGM Resorts International confirmed that it is looking to build a casino resort in the Japanese prefecture of Osaka during its full-year earnings call on 13 February. “We just recently opened up an office in...

Aruze Gaming unveils Happy Charm Tokyo Daruma and Happy Charm Tokyo Kitty – Class III

Aruze Gaming, Happy Charm Tokyo Daruma, Happy Charm Tokyo Kitty, Japan
Japan’s favourite lucky characters are here to bring a “Wild fun time!”. Happy Charm Tokyo Daruma and Happy Charm Tokyo Kitty are both 5 reel games available on the Muso Triple-27 cabinet. Both titles offer 20, 30, or 40 line options. Three or more bonus symbols appearing on the reels will trigger the Free Games Feature. During any game, if a...

Will president Trump’s recommendation make a difference for Sands in Japan?

Donald-Trump, japan
While president Trump reportedly put forward Sands and another US operator for an IR licence during a 2017 meeting with his Japanese counterpart Shinzo Abe, it seems unlikely the gesture will have much of an impact. A recent report by investigative journalism group ProPublica claims that US president Donald Trump attempted to help major campaign donor Sheldon Adelson obtain a...

“Partnerships will be key” in the development of Japanese IR industry

japan, Global Market Advisors, partnerships, governments
Steve Gallaway, managing partner at Global Market Advisors, explains that to be successful in a bid for a Japanese IR licence, foreign operators will need to undertake multiple partnerships, working both with local companies as part of consortium, in addition to regional governments. Casino Review: Following the passage of the IR Implementation Bill, what kind of timescale are we looking...

Japan outlines plans for new casino regulator

prime minister, Shinzo Abe
The frame work of Japan’s nascent commercial casino industry continues to be laid , after the Diet prime minister Shinzo Abe passed its Integrated Resorts Implementation Bill last month. The government has now revealed that it will soon establish a dedicated…

Genting Singapore predicted to lead newly legalised Japanese market

Osaka Japan
Following the much anticipated passing of the Integrated Resorts Implementation Bill by the Japanese Upper House on 20 July, Genting Singapore is predicted to be recipient of the country’s first casino licence. With only three initial permits predicted to be awarded in 2020, analysts have suggested that the cash reserves and responsible policies of the leisure and casino operator make...

Diet green lights casino legislation

Japan-Tokyo
The second key bill for legalising integrated resorts in Japan has cleared its last major legislative hurdle, paving the way for the development of what some analysts estimate could be a $25bn market. Japan’s Integrated Resorts (IR) Implementation Bill passed into law on 20 July following a vote in a plenary session of the House of Councillors, the upper house...

Genting Singapore flagged as leader for new Japanese market

ICR WEBSITE JAPAN
Following the much anticipated passing of the Integrated Resorts Implementation Bill by the Japanese Upper House on 20 July, competition to become the first licensed operator in the country has begun. With only three initial licenses predicted…

Diet’s lower house passes integrated resorts bill

Japan National Diet bill
Is Japan really ready to become a big whale? The lower chamber of the Diet has passed the Integrated Resorts Implementation Bill, opening the door for the measure to be voted on in the House of Councillors before the end of July...

Korea’s casinos rebound on the back of rise in visitors from Japan

LDP
Recent figures from the Korea Casino Association indicate that the country’s 16 foreigner-only casinos are returning back to growth in the wake of the political tensions between China and South Korea in 2017. However, this rise was primarily driven by an uptick in visitors from elsewhere in Asia. While Chinese visitation continued to fall due with declines of 3.2 percent in...

Japanese government signs off on casino bill

prime minister, Shinzo Abe
The Japanese government endorsed a bill setting out the broad regulatory framework for the establishment of integrated resorts in the country on 27 April. “We will promote tourism with visitors from all over the world spending days , while taking complete measures to address various concerns including gambling addiction,” said Japan's prime minister, Shinzo Abe, speaking to the media. News reports...

LDP and Komeito reach consensus on key IR policy issues

Tokyo street view
In his 1979 release, Discovering Japan, Graham Parker sang that “after all the urges some kind of truth emerges”, which would seem to be the case for Japanese casino legislation as coalition partners LDP and Komeito reached a consensus on a number of key points, paving the way for a vote on the IR Implementation Bill by May. Following meetings...

Japan Gaming Congress (JgC) May 10-11, 2018

Casino Review Japan Gaming Congress JgC
Conrad, Tokyo As Japan continues its journey towards an exciting new era of legalised gaming, Clarion Gaming is delighted to be hosting the 3rd edition of JgC at The Conrad Hotel in Tokyo, May 10-11, 2017. With an estimated $40bn market at stake, the potential to be one of the major players has all the global Integrated Resorts groups vying...

Melco open Osaka HQ in significant step toward Japanese IR

Osaka Japan
Melco Resorts & Entertainment has opened an office in Osaka in a bid to capitalise on the fledgling Japanese gambling market. The new facility, first mooted in October, is located close to the proposed Osaka Harbour site of the $7.35bn man-made island Yumashima, hailed as the potential home for the city’s gambling industry by 2024. “We will make the necessary investments,”...

LDP and Komeito reach consensus on key IR policy issues.

LDP
In his 1979 release, Discovering Japan, Graham Parker sang that “after all the urges some kind of truth emerges”, which would seem to be the case for Japanese casino legislation as coalition partners, the LDP and Komeito reached a consensus on a number of key points, paving the way for a vote on the IR Implementation Bill by May. Following...

Fitch: Japan a threat to Korea and Russia, but not Macau

fitch
  Financial analyst firm Fitch Ratings has predicted Japan’s future casino industry, which could be worth up to $9bn a year, is unlikely to have a detrimental effect on the Macau market.   However, the much anticipated establishment of up to five integrated resorts in Hokkaido, Osaka, Wakayama, and Nagasaki will reportedly cause problems for Japan’s more immediate neigh- bours. “Japan’s integrated resorts...

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