{"id":96479,"date":"2019-01-19T04:00:01","date_gmt":"2019-01-19T12:00:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=96479"},"modified":"2019-01-18T14:52:28","modified_gmt":"2019-01-18T22:52:28","slug":"fishy-situation-former-tsukiji-wholesale-fish-market-potential-site-for-tokyo-integrated-resort-in-japan","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/fishy-situation-former-tsukiji-wholesale-fish-market-potential-site-for-tokyo-integrated-resort-in-japan\/","title":{"rendered":"Fishy Situation: Former Tsukiji Wholesale Fish Market Potential Site for Tokyo Integrated Resort in Japan"},"content":{"rendered":"\n<p>For decades, tourists and seafood enthusiasts alike have flocked to the Tsukiji Market, the largest wholesale fish market in the world. But with a partial move over to the new Toyosu Market late last year, there\u2019s now a large chunk of real estate available for development, and some see the potential for placing an integrated resort on a spot once reserved for hawking Japan&#8217;s finest tuna and caviar.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-1024x683.jpg\" alt=\"Integrated resort Tsukiji fish market\" class=\"wp-image-96482\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-166x110.jpg 166w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-450x300.jpg 450w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market-600x400.jpg 600w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/01\/Tsukiji-Fish-Market.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>The former Tsukiji fish market in Tokyo will be redeveloped, and could serve as the site for an integrated resort. (Image: Daniel Krieger\/Eater)<\/figcaption><\/figure>\n\n\n\n<p>With 23 hectares (56.8 acres) of land available, there are\nalready plans to use the area as an enormous temporary parking lot for the 2020\nTokyo Olympics.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Fish and (Casino)\nChips<\/strong><\/h2>\n\n\n\n<p>But beyond that event, Tokyo officials have established a\ndraft policy where the former fish market will be redeveloped into an\nInternational Conference Center and Exhibition Hall. Those plans were discussed\nduring a non-public review meeting this Tuesday.<\/p>\n\n\n\n<p>In that proposal, the area could feature social facilities\nthat would be suitable for families and which officials hope could attract\nmillions of visitors. Meanwhile, adding conference space could help Tokyo\nbecome more competitive when it comes to hosting major events: only 101\ninternational conferences were based out of the city in 2017, a number that was\nonly 18th-highest in the world. The city is aiming to be one of top three\ncities in the world for hosting such events by 2024.<\/p>\n\n\n\n<p>Notably, the first draft of these plans include nothing that\nresembles a casino. However, a report by <em>Inside\nAsian Gaming <\/em>suggested that the planned facilities could be expanded into a\nfull integrated resort, adding a casino that would serve as one more attraction\nfor international tourists. <\/p>\n\n\n\n<p style=\"color:#7900a3\" class=\"has-text-color has-background has-medium-font-size has-very-light-gray-background-color\">As of yet, no gaming operator has formally proposed using the Tsukiji fish market as an IR location. But given the redevelopment plans and the difficulty in finding plots of land to use in Tokyo, it would seem like a prime location for the kind of major resort an international gaming firm would want to build in the city. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Tokyo IR Bid Could\nFlounder<\/strong><\/h2>\n\n\n\n<p>The question of whether or not Tokyo will even host an integrated resort is still up in the air. It\u2019s unclear how enthusiastic the local government is about the idea of hosting a gambling facility, and gaming executives like Melco Resorts owner Lawrence ho have <a href=\"https:\/\/www.casino.org\/news\/melco-resorts-owner-lawrence-ho-prefers-osaka-over-tokyo-for-casino\">questioned whether the city truly needs a resort<\/a> to attract tourists. Analysts have also questioned the cost of finding land on which to build in Tokyo \u2013 though the development of the Tsukiji fish market could solve that issue.<\/p>\n\n\n\n<p>There have been occasional signs that Tokyo may still throw its hat into the ring. Last September, the city government <a href=\"https:\/\/www.casino.org\/news\/tokyo-finally-declares-interest-in-casino-prepares-integrated-resort-impact-study\/\">announced it would commission an IR impact study<\/a>, suggesting officials are at least leaving the door open for bidders interested in building in the city.<\/p>\n\n\n\n<p style=\"background-color:#5b00a3\" class=\"has-text-color has-background has-very-light-gray-color\"><strong>History of the Tsukiji Fish Market<\/strong><\/p>\n\n\n\n<p style=\"color:#4e0ba5\" class=\"has-text-color has-background has-very-light-gray-background-color\"><em>Large fish markets have been a part of Tokyo for centuries, dating back to when the city was known as Edo. The largest of these markets was based in Nihonbashi until 1923, when much of central Tokyo \u2013 including the market \u2013 was destroyed in the Great Kanto earthquake. <\/em><\/p>\n\n\n\n<p style=\"color:#580aa7\" class=\"has-text-color has-background has-very-light-gray-background-color\"><em>Relocating the market to Tsukiji took six years of work. The modern fish market was opened in 1935, and operated there until October 2018. Plans had long been in the works for moving the market outside of the city center, with the transition effort finally beginning in June 2017. The Tsukiji fish market has now been fully replaced by the Toyosu Market, which sits on reclaimed land in Tokyo Bay. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For decades, tourists and seafood enthusiasts alike have flocked to the Tsukiji Market, the largest wholesale fish market in the world. But with a partial move over to the new Toyosu Market late last year, there\u2019s now a large chunk of real estate available for development, and some see the potential for placing an integrated [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":96482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tsukiji Fish Market Seen as Potential Site for Tokyo Integrated Resort<\/title>\n<meta name=\"description\" content=\"The Tsukiji fish market in Tokyo is set to be redeveloped into a conference center, but the site might also be ideal for an integrated resort in the city.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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