casino blueprint this winter<\/a>.<\/p>\nYokohama is the fourth and only other prefecture to officially declare its candidacy for one of the casinos. Yokohama will begin fielding casino schemes in August. Las Vegas Sands, once viewed as the front-runner for Yokohama, announced its withdrawal in May.<\/p>\n
Bidding Process<\/b><\/h2>\n
Prefectures and host cities seeking to win one of the three commercial IR casino licenses will first review submitted proposals from interested gaming companies and their development partners. Once the winning submission is identified, the prefecture and casino consortium will then propose their scheme to the federal government.<\/p>\n
Akaba’s Land, Infrastructure, Transport and Tourism Ministry has established the Japan Tourism Agency. The agency will be tasked with deciding where the three integrated resorts will be located. The decision will be based on guidance from the federal government’s National IR Basic Policy law, which is set to be finalized and issued by July 26, 2020.<\/p>\n
The Japan Casino Management Commission will be in charge of regulating the casinos. It received an initial JPY6.4 billion ($59 million) budget in December.<\/p>\n","protected":false},"excerpt":{"rendered":"
The end of the bidding period for three integrated resort (IR) licenses in Japan could be delayed by Prime Minister Shinzo Abe’s Cabinet, because of travel restrictions caused by COVID-19. Land, Infrastructure, Transport and Tourism Minister Kazuyoshi Akaba revealed at a press conference this week that the federal government is reviewing the IR timeline. Akaba […]<\/p>\n","protected":false},"author":25,"featured_media":140260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Japan Government Mulling Changes to Integrated Resort Bidding Timeline<\/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