The Wakayama city government and Nankai Electric Railway Co. have agreed to launch a joint survey on a Bus Rapid Transit system that could carry large numbers of visitors between Wakayama Station and Marina City, the prospective site for an IR.
Imperial Pacific International's project director Jing Zhou has outlined a construction timetable for the resort, providing it has enough workers, saying Phase 2 of the hotel tower will be finished by the end of next year, while VIP gaming and the sky level should be finished by April 2022.
Understanding that the decisions on how IRs will be taxed in Japan is not an issue that can be left hanging, the senior ruling party politician Akira Amari has stated that these policies will be fixed before IR operators have been selected by the local governments. He later clarified that the policy would be decided next month.
The Nagasaki Prefectural Government has published a revised timeline for IR development, including the launch of its RFP process in January.
Yokohama Mayor Fumiko Hayashi held the first meeting of the Yokohama Innovation IR Council with Kanagawa Governor Yuji Kuroiwa and others to discuss the implementation policies needed for IR development.
While the number of contenders willing to host an integrated resort has dropped dramatically since January, four runners - Yokohama, Osaka, Wakayama, and Nagasaki are continuing their campaign win a spot in Japan's integrated resort future.
Suncity Group said it has signed two construction agreements worth HK$1 billion with Megawide to develop its integrated resort project in the Philippines.
Waterfront Philippines has won a long-running legal battle with the Philippines Amusement and Gaming Corp (PAGCOR) to build a new integrated resort in Manila and will be seeking partners to run the operation.
The municipal government has established the “Yokohama Innovation IR Council’ to exchange opinions with the Kanagawa Prefectural Government and the Public Safety Commission in connection with the development of IR policy.
The Wakayama Prefectural Government has acknowledged that there will be a delay in the national timeline for developing IRs, but the local government remains keen on opening Japan’s first IR, which they now envision may be possible in spring 2026.