Two suitors for the establishment of RI in Wakayama prefecture

By Ucatchers

Competition to establish RI in Japan continues. Last week, the Japanese prefecture of Wakayama announced that there were no new plaintiffs interested in establishing the local governor’s tilt at a casino complex. Stakeholders will be private sector partners in the new facility.

The plaintiffs who submitted their proposals before January 15 are the same ones who were declared qualified in May 2020 by the prefecture.

One of the suitors is Clairvest Neem Ventures and Suncity Holdings Japan Co Ltd, based in Canada. The other is the local Japanese unit connected to Suncity Group, which is a Macau-based investor.

In Japan, RI (integrated resort) is an abbreviation known as large-scale casino complex with associated tourist facilities. The establishment of the new IR is a Important event for Wakayama prefecture, as it is for any other Japanese prefecture, as it will bring many benefits.

Since the date of January 15 was established as the deadline for the presentations In November, all interested parties had plenty of time to submit their proposals.

Yoshinobu Nisaka, the governor of Wakayama previously stated that the prefecture had full assurance from the Japanese government that proximity to Osaka would not would weigh against of Wakayama when evaluating the project at the national level.

Competition to host complex

Osaka is considered by some to be a strong runner for the RI. Local prefectural governments must first find a partner from the private sector and then request the central authorities to have said facility. Up to three Integrated Complexes will be allowed on Japanese soil if all the requirements. The establishment of the venues will coincide with the opening of the market.

The current coronavirus crisis was the reason why the calendar under which Japanese authorities will start accepting offers for the establishment of RI was delayed until October 2021. All parties interested in hosting the casino complex can apply.

Wakayama and Osaka are not the only prefectures vying for the right to host a resort. Earlier this year, Hodo Nakamura, the governor of Nagasaki Prefecture, announced that Nagasaki is beginning its request for proposals process for a casino complex.

It is rumored that three foreign companies They are interested in establishing the RI in Nagasaki. Two of them are based in the United States and one is an Asian operator.

The deadline set by the Japanese authority is April 2022 for all presentations. This means that there is a delay of almost nine months from the previously set date.

Source: “Wakayama Casino RFP Deadline Says There Are Still 2 Suitors”, GGR Asia, Jan 18, 2021

Related news

Leave a Comment