Wednesday, January 29, 2020

Japan

Japan casino scandal deepens with lawmaker arrest

The scandal over Chinese firm 500 Dot Com’s IR lobbying activities in Japan deepened considerably with former Cabinet Office state minister Tsukasa Akimoto being arrested on bribery charges and two other ruling party lawmakers’ offices raided by prosecutors.

World expo to ask Osaka govt to hold off on IR openings

The world expo body is planning to ask the Japanese government not to open any integrated resorts with casinos in Osaka during Expo 2025,...

Keihan Holdings wants to invest in Yumeshima IR

Keihan Holdings President Masahiro Ishimaru has revealed that his firm would be interested in participating as an investor in the Yumeshima IR, though on a modest scale.

Chiba mayor says IR bid decision to come before end of March

Chiba Mayor Toshihito Kumagai stated on Tuesday that his city’s decision on whether or not to go forward with an IR bid will be announced by the end of March 2020 at the latest, which is the first time that he has provided a time frame.

EY Japan becomes Yokohama IR advisory firm

EY Japan has pulled down a major IR advisory contract with the Yokohama municipal government scheduled to run through March 2022.

Prosecutors raid Chinese firm in possible connection with IR bid

The special investigation unit of the Tokyo District Public Prosecutors Office raided the Tokyo offices of a Shenzhen-based lottery operator, as well as the homes of former policy aides of a senior ruling politician who had been in charge of IR policy, apparently in connection with the illegal import into Japan of a large sum of money.

Osaka gives up on pre-World Expo IR opening

Osaka Mayor Ichiro Matsui indicated at a press conference on Friday that he had effectively given up on his long-cherished goal to open the Yumeshima IR before the 2025 World Expo, and that in fact the bidders would only be asked to commit to a FY2026 opening date.

Hard Rock won’t give up on Hokkaido IR bid

Despite Governor Naomichi Suzuki’s declaration at the end of November that Hokkaido will not be moving forward with an IR bid, Hard Rock Japan is signaling that they are not giving up their campaign to build an IR at Tomakomai city.

Kitakyushu to decide on IR bid stance by January

Kitakyushu Mayor Kenji Kitahashi has indicated that his city will make its basic decision on whether or not to join Japan’s IR race in January, and that discussions with the city council will be completed by the end of March.

Casino winnings taxation policy delayed until next year

Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.

TRENDING ARTICLES

PAGCOR, AMLC sign agreement for cooperation

The Philippines gaming regulator has signed a deal with the country’s anti-money laundering watchdog to tighten their cooperation in the fight against money laundering,...

Cambodia airlines to suffers from low Chinese inflow

Despite a rising number of passenger arrivals to Cambodia’s international airports, along with new flight routes and destinations, the country’s airline sector appears to...

Melco bets on blockchain in innovation drive

Melco Resorts & Entertainment is increasingly bullish on the disruptive impact of blockchain technology on the casino floor, with projects already live and more in the pipeline.

SunCity purchase of Westside Resorts site to complete end March

SunCity Group Holdings has revealed that its payment of $200 million to secure the project site for Westside City Resorts World will be completed...

Wuhan coronavirus makes first appearance in Macau casino

Macau has confirmed its first case of Wuhan coronavirus-linked pneumonia, in spite of the efforts of authorities to keep the infection out of the...