Japan

Malta-based Catena Media announced yesterday that they had acquired a Japanese affiliate at a purchase price of approximately US$5.5 million.

Genting Singapore on Wednesday announced the establishment of a new branch office in Tokyo, Japan.

Members of the Abe government and the ruling party confirmed to the Japanese media that no progress would be made on passing either the gambling addiction bill nor the IR Implementation Bill until next spring.

Japanese gaming supplier Universal Entertainment Corporation has denied a recent report suggesting that Kazuo Okada has been reinstalled as a director of Okada Holdings Ltd, its parent company.

The prospects for a Yokohama bid to locate an IR at the city’s Yamashita Pier took a heavy blow last week when the Yokohama Harbor Transport Association declared its opposition to a casino.

It has become more likely that Prime Minister Shinzo Abe may call for a snap general election on October 22 or 29.

As the city of Tokoname, Aichi Prefecture, takes its first steps toward a possible bid to locate an IR on Chubu Airport Island, the strongly anti-casino Japan Communist Party has begun mobilizing its local forces in opposition.

Executives of the ruling Liberal Democratic Party and its coalition partner Komeito have agreed that the next Diet session will prioritize passage of a gambling anti-addiction bill before moving on to the IR Implementation Bill.

The establishment of an IR in a major urban city such as Yokohama could spark a profound transformation of Japan’s hotel industry, according to a key observer of the market.

At least ten major IR operators have signalled key interest in the city of Tomakomai, according to the Tomakomai Minpo, a local newspaper.

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