The Japanese Prime Minister was reported to have reaffirmed the government's commitment to liberalize the land-based casino market in order to improve the economies of Asian countries by increasing inbound tourists.
According to a GGR Asia report, Fumio Kishida (pictured) was confirmed just six weeks before the deadline for the Japanese community to submit a formal bid for one of three 3-year casino licenses.
According to sources, the leader, who replaced his predecessor Yoshii Suga in October, was one of the key players in driving the 10 gambling-friendly integrated resort implementation bill, a planned Las Vegas-style 2018 He believes the two developments will help his country further overcome the financial negative effects of the coronavirus pandemic.
Specific rules
Mr. Kishida, 64, continues to support the plan to attract three large-scale casino resorts to Japan at the House of Councilors Budget Committee yesterday while searching for a way to overcome the deficit of about 12 trillion yen. It was reported that it was confirmed.
Liberal Democratic Party lawmakers also said that bids for integrated casino resorts would be accessed by federal commissions and would be required to incorporate multiple hotels, restaurants, exhibition facilities and cultural elements.
Complementary criteria
Tetsuo Saito, who is the Minister of Land, Infrastructure, Transport and Tourism, reportedly argued at the same meeting that the expert selection agency would also be required to investigate the economic benefits of Japan's integrated casino resort proposal. There is.
The 70-year-old government official allegedly cited the financial stability of such plans and the potential for licensees to raise the necessary development funding as other determinants.
A thrilling trio
GGRAsia reported that three regions of Japan have announced their intention to formally bid for the right to host an integrated casino resort.
One of them, Nagasaki Prefecture, was granted permission to build a $ 2027 billion gambling facility at the Huis Ten Bosch theme park last weekend in collaboration with Casino Austria International Japan Co., Ltd., a subsidiary of Casino Austria International. It is said that he wants to get.
Conurbation speculation
Osaka, a huge city, is also one of the main runners of casino racing, and it is reported that it wants to develop a Las Vegas style by 10 years in collaboration with American casino giant MGM Resorts International and local financial services company Orix. There is.
The facility will be built on 121 acres of artificial island Yumeshima and is said to cost at least about $ 24 billion.
Bold construction
Finally, Wakayama Prefecture reportedly recently revealed plans to build a huge integrated casino resort in Marina City, which could eventually cost $ 40 billion.
The ambitious plan was allegedly made in collaboration with Claire Best Neem Ventures Company Limited, a Canadian private equity management firm, Claire Best Group, Inc., and the casino to be developed is headquartered in Las Vegas. It is said that it will be operated by Caesars Entertainment Incorporated.
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