Thursday, November 15, 2018

Japan

World Expo and IR would boost Osaka economy: Nomura

The Japanese brokerage Nomura agrees with the sentiments of the Osaka government in a November 9 research note that declares, “a win for both the World Expo bid and the casino license would be expected to boost investment returns and have a positive impact on Osaka's economy.”

Nagoya mayor moving toward formal declaration of IR bid intentions

Undeterred by the opposition of the prefectural governor, Nagoya Mayor Takashi Kawamura indicated at a press conference on Monday that he was moving toward...

Iwate Racing hit by fourth steroids detection

On Monday night it was announced that a fourth racehorse belonging to the Iwate Prefectural Horse Racing Association (Iwate Keiba) had tested positive for...

Police arrest 17 people in internet casino crackdown

Over the weekend police in Nagoya city swooped down on three stores, including one named “Samurai,” which they say offered illegal internet gambling. A...

Government to stipulate minimum IR hotel size

As the central government moves toward compiling its regulations for the “core facilities” for Japanese IRs, it became apparent at a meeting of the...

Hard Rock sponsors pro soccer club in Hokkaido

Hard Rock Japan, which is aiming to build an IR at Tomakomai, Hokkaido, has concluded an agreement to become the “Official Top Partner” of...

Election period begins for Wakayama gubernatorial race

The official election period began for the Wakayama gubernatorial race on Thursday, pitting the pro-IR incumbent Yoshinobu Nisaka against the anti-casino challenger Masayoshi Hatanaka. This is precisely the same match-up as was the case four years ago. Election Day is November 25.

Rush Street sees GGR of up to $1.85b from Tomakomai

In early October, Rush Street Gaming’s Japan branch was quietly established, with the Chicago-based firm currently looking at Tomakomai, Hokkaido, as the main direction for its IR license campaign.

Kawasaki city another candidate location for IR

The central government survey of the IR intentions of prefectures and designated cities turned up another surprise as it became known that the Kawasaki municipal government also indicated that a bid was “under consideration.”

Casinos Austria emerges as Japan IR contender

Casinos Austria International (CAI) unexpectedly emerged as the 17th international IR operator—and the second Europe-based firm—to clearly enter the contest for one of the three IR licenses to be available in Japan.

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Galaxy says IR would be a “good fit” for new Boracay

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Genting Malaysia to review marketing expenses after tax hikes

Genting Malaysia said it was reviewing marketing expenses and its cost structure after the government hiked casino taxes and duties in its annual budget, provoking the biggest one-day share price drop on record for the company.