Error message

  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).
  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).

Osaka launches bidding process for IR advisor

On Tuesday afternoon, the Osaka city government published a recruitment announcement for a company that would be employed to offer advice on the process of establishing an IR at Yumeshima. This is a concrete step leading towards the eventual selection of an operator for the city’s IR licensing bid.

The IR advisory firm, which will be selected early next year, will have its contract run from April 2018 until February 2021, and will receive a total payment of more than US$3.4 million.

“Based on the premise of the establishment of an IR at Yumeshima,” the city’s announcement reads, “the advisor will handle development conditions, project implementation, a review of the public offering process; and will advise on the recruitment and selection of the IR operator through the period until the operator’s contract is signed.”

Built into the timeline is the assumption that the IR Implementation Bill will indeed be enacted in the next Diet session, ending in June 2018.

Osaka’s basic expectation is that they will designate their IR operator partner during the course of FY2019, and that the national government will select the locations to be licensed to build IRs during the course of FY2020. The city aims to open the doors of Japan’s first major urban IR sometime in 2024.

More news from this jurisdiction

JapanFriday, Jan 19, 2018

At a symposium held on Monday, the Wakayama prefectural and city governments made their first substantial attempt to explain directly to the local public their advocacy for the creation of an IR at the Marina City site.

JapanThursday, Jan 18, 2018

A former casino cashier at the Yokosuka Naval Base has been sentenced to two years in prison for stealing nearly $100,000 from the Yokosuka casino in 2015.

JapanWednesday, Jan 17, 2018

Hard Rock International is attempting to boost its attraction to the forthcoming Japanese IR market by drawing attention to its recently launched “Rock Om” program.

JapanMonday, Jan 15, 2018

Nagasaki Governor Hodo Nakamura faces an electoral challenge from a candidate affiliated with the Japan Communist Party as he seeks a third term.

JapanFriday, Jan 12, 2018

In a piecemeal fashion, Japan is beginning to strengthen its anti-addiction infrastructure in anticipation of the opening of its first IRs in the next decade. The latest step is the establishment of the Hyogo Kobe Addiction Countermeasures Center, which will include a hotline for telephone consultation.

JapanThursday, Jan 11, 2018

TransAct Technologies said it has teamed up with AIGC Co., a new consulting agency focused on the potential casino gaming market in Japan, to promote its products.

JapanWednesday, Jan 10, 2018

Hideo Sawada, the founder of H.I.S., one of Japan’s largest travel agencies, who is also president of Huis Ten Bosch, the theme park in Sasebo city has sketched out a grand vision of an undersea casino in Nagasaki.