Tamaki victory likely closes door on potential Okinawa IR bid

The victory of the All-Okinawa candidate for governor, Denny Tamaki, would appear to bring to an end any chance that Okinawa Prefecture will join the race to host an IR.

Tamaki was the designated successor to the late Governor Takeshi Onaga, who in 2014 turned against the pro-casino policies of his predecessor on the argument that basing the prefecture’s economy on the gambling business would be below the dignity of the Okinawan people.

Tamaki himself fiercely fought against the IR Implementation Act as an opposition lawmaker, and is highly unlikely to alter his anti-casino stance.

For many months in advance of Sunday’s election, conservative politicians and elements of the business community had been predicting that the All-Okinawa forces would be overthrown this year and that the previous IR plans could be revived.

Among IR operators, 500 .com held two events in Okinawa in recent years, with CEO Zhengming Pan and his potential partner, CEO Kevin McGowen of Les Ambassadeurs Club, pitching their casino ideas to Okinawan businessmen and politicians as recently as July.

Moreover, just a few days ago the Nikkei Asian Review quoted Steven Tight of Caesars as saying, “It would be a fascinating opportunity for us if the governor were to support an integrated resort, because Okinawa would be a tremendous destination for tourism.”

These hopes are now unlikely to be realized—at least in the first round of IR construction.

SHARE
Previous articleProducts of the future, now
Next articleMayor Hayashi sees no room for two IR bids in the capital region

Related Articles

500 Dot Com reports losses as its major problems remain unsolved

500 Dot Com reported substantial operating losses and at the same time made clear its statements that none of the major challenges it is facing has yet been solved. Net revenues for the first quarter of 2020 were RMB3.1 million (US$0.4 million), compared with RMB11.6 million for the first quarter of 2019, an 88 percent […]

500 Dot Com still waiting to resume crucial Sweden operations

Shenzhen-based online sports lottery service provider has announced that Swedish regulators continue to hold up its eGaming license to the financial detriment to the firm. The Multi Group, which is a Malta-based subsidiary of the company, has been awaiting the renewal of its eGaming license in Sweden, which formerly produced more than 60% of the […]

Zhengming Pan out at 500 Dot Com

A Sunday filing to the US Securities and Exchange Commission revealed that former Director and CEO Zhengming Pan had resigned from 500 Dot Com, effective immediately. Tian Zhaofu was listed as Acting CEO of the Shenzhen-based sports lottery provider. The filing stated, “Pan was also a member of the Strategic Planning Committee and Nominating and […]

500 Dot Com reorganizes Japan bribery investigation committee

500 Dot Com issued an announcement last Thursday that one of the four members of its Special Investigation Committee on the Japan bribery allegations has already stepped down and that a law firm has been hired as an advisor to the committee.

Most Japanese want reconsideration of casino legalization

Public opinion polls taken in the wake of the 500 Dot Com bribery scandal agree that a large majority of the Japanese people want the government to reconsider its policy of casino legalization.

Lawmaker Akimoto faces rearrest on additional casino bribery charges

As he reaches the 23-day limit of his detention over charges that he accepted 3 million yen (about US$28,000) in bribes from the Chinese lottery firm 500 Dot Com, prosecutors reportedly plan to rearrest former State Minister for the Cabinet Office Tsukasa Akimoto, now believing that the bribes were more than double what they initially suspected.

500 suspends lottery operations in Sweden

Chinese lottery service provider 500 dot com, says it has temporarily suspended its operations in Sweden, as it failed to renew its license before its expiry.  The Multi Group (TMG), a Malta-based subsidiary of the company has been in close communication with the Sweden eGaming regulatory authority and expects to renew its license and resume […]

Lawmaker admits bribery, resigns from Osaka party

Mikio Shimoji has become the first Japanese lawmaker to admit receiving a bribe from Chinese lottery firm 500 Dot Com, and has applied to resign from the Japan Innovation Party, led by Osaka Mayor Ichiro Matsui, over his transgression.

Five more lawmakers entangled in IR bribery scandal

Japanese special prosecutor investigations of potential bribery by Shenzhen-based lottery firm 500 Dot Com have expanded to at least five additional lawmakers, including one of the most prominent pro-IR lawmakers in the nation, former Defense Minister Takeshi Iwaya, who has been a frequent speaker at IR promotion events.

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.