Chief Cabinet Secretary Yoshihide Suga, the prohibitive favorite to become Japan’s prime minister later this month, has signaled his intention to move forward with IR development.
“I think that IRs are indispensable for our tourism promotion efforts,” Suga told a program on TV Kanagawa, “Although people tend to focus only on the casinos, the government intends to promote IRs as places with various facilities and hotels where families can come and stay during international conferences.”
Suga did not go into details such as the development timeline.
Support for IR development is the majority position among the ruling party lawmakers who are voting for their next leader, but the general public has consistently polled as opposing casino legalization.
Suga will face two opponents in the ruling party leadership race, but a majority of the lawmakers have already pledged to vote for him.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.