abruptly pulled out<\/a> of pursing a Japanese license earlier this month. Billionaire owner Sheldon Adelson explained, “The framework around the development of an IR has made our goals there unreachable.”<\/p>\nSands was focused on Yokohama and Tokyo. With its withdrawal, the odds of winning licensure shorten for other companies targeting those areas, including Melco Resorts, Galaxy Entertainment, and Genting Group. MGM Resorts is viewed as the frontrunner for Osaka.<\/p>\n
While Kokuryo doesn’t see the Japanese federal government delaying when it will begin accepting bids from prefectures, he says the July 30, 2021, deadline could be extended.<\/p>\n
“If there are to be changes, it is much more likely that the July 2021 deadline is moved than the July 26, 2020 date, as the latter would involve revising the IR Implementation Law,” he explained.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan will not slow its progression of three integrated resort (IR) casinos because of the COVID-19 pandemic. Instead, the country plans to use the licensing process of the multibillion-dollar complexes to help restart its economy in the post-coronavirus world. Joji Kokuryo, managing director for Bay City Ventures, a prominent gaming consultancy for Japan’s forthcoming commercial […]<\/p>\n","protected":false},"author":25,"featured_media":136973,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,13592],"tags":[],"acf":[],"yoast_head":"\n
Japan Betting on Integrated Resort Development to Fuel COVID Recovery<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n