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It has been ten months since the 500 Dot Com bribery case broke into public view, but the net of justice has yet to fall upon and to wring confessions out of those who are widely believed to be the most guilty.
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.
Two former advisors of China’s 500 .com had admitted to seeking to bribe a Japanese lawmaker in connection with its search for a casino license, according to local media reports.
Oshidori said its confident its bid for a license in Nagasaki will be far “more exciting” than any other project and the termination of an accord with France’s Groupe Partouche won’t affect its chances.
In recent weeks, Nagasaki may have gained a step on Wakayama, which is likely its main rival to secure an IR license.
The enduring unpopularity of IR developments among the Japanese public, as well as the much weaker position of the Shinzo Abe government in comparison to earlier phases, means that local elections may still prove decisive as to whether or not bids will go forward.
Melco Resorts & Entertainment swung to a loss in Q1 due to the impact of the coronavirus, but said it remains committed to its development plans, including a bid for a license in Japan.
Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.
The Yokohama municipal government is establishing a new “IR Promotion Office” to guide its policies into the more active phase of IR development.
Osaka Mayor Ichiro Matsui is leaning toward a policy that would see the 49 hectares of land utilized for IR development at Yumeshima rented to the operator.