Wakayama awaits national IR legislation

A Wakayama prefectural official tells Asia Gaming Brief that they are ready to launch an RFC process with IR operators very quickly after the IR Implementation Bill is enacted by the National Diet. Unlike Tomakomai and Sasebo, which have previously launched RFIs, Wakayama will begin directly with an RFC.

The official also stated that the local plan still calls for a foreigner-only casino, but that this policy will be reviewed after the national government details its policies on the regulation of casinos.

In oblique comments before the Wakayama Prefectural Assembly last December, Governor Yoshinobu Nisaka hinted that if national gambling anti-addiction measures were sufficiently credible, it might not prove necessary to ban Japanese nationals from entry to the casino.

Finally, the official also noted that Wakayama Prefecture is in regular contact with international IR operators, holding ongoing discussions about elements of casino regulation and local development plans.

More news from this jurisdiction

JapanThursday, Mar 22, 2018

The Japanese government leaked to the media on Thursday that operators are likely to be required to report any casino chip-cash exchanges that exceed 1 million yen (about US$9,500).

JapanWednesday, Mar 21, 2018

The Japan Gaming Congress expects to attract even greater support in 2018 after holding the largest event of its kind in Japan last year, organizer Clarion Gaming says.

South Korea, Mainland China, JapanTuesday, Mar 20, 2018

Mobile games are likely to grow by more than 8 percent per year through 2020, far outstripping growth for the PC and consoles, according to Daniel Kashti, chief marketing & commercial officer of Kama Games.

South Korea, Greater China, JapanTuesday, Mar 20, 2018

eSports global revenue for 2017 was estimated to be US$696 million and is expected to more than double to US$1.5 billion by 2020, with the Asia Pacific heading growth, according to Newzoo, a market intelligence firm.

JapanSunday, Mar 18, 2018

According to a local media report, the Tomakomai municipal authorities have compiled their interim report on the IR they hope to build, projecting a US$2-3 billion investment by the time the facility’s doors open.

JapanFriday, Mar 16, 2018

The IR implementation bill won’t be submitted to the legislation this month, as had been planned, throwing doubt over the timetable for the bill.

JapanWednesday, Mar 14, 2018

Six local medical and children’s organizations have presented a petition to the local government opposing any IR bid from within the prefecture.