The next Prime Minister, Fumio Kishida, supports continuing efforts towards the realization of three large integrated resort (IR) casinos.
Osaka, Wakayama, and Nagasaki prefectures are developing IRs, respectively...Osaka, Wakayama, and Nagasaki prefectures are each developing IR, and we plan to submit the gaming resort concept to the Japanese government within the next few months.
Mr. Kishida won four elections in the LDP leader election held today and will be appointed Prime Minister on October 4th (Monday).Prime Minister Yoshihide Suga announced earlier this month that he would not aim for reelection.
岸田氏は勝利のスピーチで、「私は、全身全霊をかけて、仕事に邁進します」と述べました。「全国の党員の皆さん、国会議員の皆さん、私と一緒に頑張りましょう」。Prior to today's party leader election, Mr. Kishida was a popular odds-on successor to Mr. Suga at PredictIt, a political betting exchange.
Casino promotion group
Mr. Kishida's inauguration as Prime MinisterWelcome news for the rest of the casino operators wishing to enter the market in Japan.
Mr. Kishida has been a member of the House of Representatives since 1993.Mr. Kishida has been a member of the House of Representatives since 1993 and is a follower of Prime Minister Shinzo Abe.
Prime Minister Abe is the person who urged the passage of a bill permitting casinos in the Diet under the LDP administration.
Under Prime Minister Abe, Mr. Kishida has served as Minister of Okinawa and Northern Territories and Minister of Foreign Affairs.
When the Liberal Democratic Party passed the Integrated Resort Implementation Law in 2018, he served as the party's political chairman and made efforts to legalize Japanese casinos.
When asked about the liberalization of Japanese casinos after the Prime Minister's vote, Mr. Kishida promised to take over IR efforts.
Osaka and its selected IR development partner, MGM Resorts, want to receive one of three casino licenses from the central government.
A consortium led by MGM is proposing to build a $ 100 billion complex resort facility.
In Wakayama Prefecture, a consortium led by Claire Best Neem Ventures, a Canadian private equity firm, was selected.
Nagasaki Prefecture is marketing the development of Casino Austria to Japan.
An important election is coming up
There is no guarantee that the next prime minister will continue IR in Japan.Welcoming casinos is not very popular among the Japanese people.However, LDP executives believe it will promote tourism that requires billions of dollars in investment.
Mr. Kishida said he would continue to play the casino when the public was preparing to decide on the next member of parliament. By November 11, perhaps on November 28th or 11th, there will be a general election to decide all 7 seats.
The timing of the election will be decided when Prime Minister Kishida decides to dissolve the House of Representatives as stipulated in the Constitution.Elections must be held within 40 days of the dissolution.
General elections usually take place on Sundays.
Liberal Democratic Party officials have said anonymously that the dissolution of the House of Representatives will be in mid-October.
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