Wakayama

Deferred: Osaka and Wakayama delay RFPs

Due to the ongoing coronavirus pandemic, both prefectures have decided to delay the selection of a private-sector partner, a necessary step in order to make a bid for one of Japan’s first three integrated resort licences. Osaka and Wakayama prefectures have opted to postpone the administrative groundwork necessary to make a bid for one of the country’s first three integrated resort ...

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Wakayama’s IR bout

IAG takes a look at how Wakayama prefecture is responding to concerns over an IR development by local opposition groups. Ever since it was decided that integrated resorts would grace the islands of Japan, the “casino” part of the equation has sparked active debate. The fact that casinos represent the driving engine of IRs is the main issue all of Japan’s ...

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OPINION: Japan’s IR projects require capital AND expertise

Japan’s nascent casino industry is unlikely to achieve its full revenue potential and may even struggle to get off the ground if the country’s regional governments partner with underqualified applicants whose enterprises are unable to receive capital markets financing and who lack meaningful knowledge developing and operating successful integrated resorts. Competition is heating up for what is to be a ...

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Wakayama Postpones Opportunities for Japan’s Integrated Bid Selection Process

Japan’s integrated resort (IR) process has gulped along, with most parties pretty content that timelines are long enough that they can still hit their goals even though the global pandemic has ruined the plans for many things. Wakayama region has confirmed to GGRAsia that they will not be hitting their mid-November 2020 goal of choosing an IR associate. According to Wakayama, COVID-19 ...

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Osaka puts back casino RFP deadline by a further 6 months

The authorities in Osaka city (pictured) said on Thursday that a key phase in the city’s effort to get a casino resort would be put back by a further six months. Osaka’s mayor, Ichiro Matsui, said at a regular press briefing that the authorities had also amended their timetable for opening such a gaming resort in the metropolis, according to GGRAsia’s correspondent in Japan. According to Thursday’s announcement, the deadline ...

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Wakayama extends RFP deadline by two months, operator selection pushed to January 2021

Wakayama prefecture announced Monday that it will extend the deadline for operators to submit material as part of the Request for Proposal (RFP) process by almost two months, from 31 August to 19 October, due to the impact of COVID-19. The delay comes after just two companies, Hong Kong’s Suncity Group and Canadian IR investment firm Clairvest Group, responded to ...

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Japan’s Wakayama Prefecture Delaying Time Line to Select Integrated Resort Casino Partner

The Wakayama Prefecture government in Japan is extending its deadline to select which integrated resort (IR) casino operator to partner with from this November to January 2021. Wakayama will take additional time before settling on an integrated casino resort. GGRAsia confirmed the delay, local authorities telling the media outlet that the decision was made in response to the COVID-19 pandemic. Prime ...

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Japan’s Wakayama delays casino RFP, cites pandemic

The authorities in Japan’s Wakayama prefecture (pictured) announced on Monday that they would only aim to select by January 2021 – instead of mid-November this year – a private-sector partner for the prefecture’s tilt at having a casino complex or integrated resort (IR). The prefecture confirmed to GGRAsia in an email that the Covid-19 emergency recently experienced by Japan had ...

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Wakayama delays expectations for IR bid selection process

While the global pandemic has ruined the plans for many things, Japan’s integrated resort (IR) process has chugged along, with most parties pretty content that timelines are long enough that they can still hit their goals. Wakayama prefecture might cut it a little close though, as they have confirmed to GGRAsia that they won’t be hitting their mid-November 2020 goal of selecting ...

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IR2.0 Concept

One of two companies to respond to Wakayama’s RFP assessment call in April, Suncity Group has grand plans for a Japanese integrated resort with its IR2.0 concept. It was August 2019 when Suncity Group first unveiled its concept for an integrated resort in the Japanese prefecture of Wakayama, located on the southernmost point of the Kansai region’s Honshū island. The ...

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Suncity, Clairvest the two bidders in Wakayama’s RFP

The authorities in Japan’s Wakayama prefecture announced on Friday that only two companies had submitted application documents for its request-for-proposal (RFP) process to choose a private-sector consortium as partner for its tilt to host a casino resort, or integrated resort (IR) as these schemes are known in that country. According to the local government, the two participating companies were: Suncity ...

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Suncity Group, Clairvest answer Wakayama’s RFP

Suncity launches Japanese website, unveils Wakayama IR concept Wakayama has announced that two companies have responded to the prefecture’s RFP assessment call, which ran from late March to the end of April as part of the IR bid process. The applicants were Suncity Group Holdings Japan Co Ltd, the Japanese arm of Hong Kong’s Suncity Group, and Clairvest Neem Ventures which ...

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Wakayama says RFP unchanged amid nationwide emergency

The government of Japan’s Wakayama prefecture (pictured) told GGRAsia on Friday that it is sticking to the previously-mentioned timeline for its request-for-proposal (RFP) process to choose a private-sector consortium as partner for its tilt to host a casino resort. That is despite the national government on Thursday extending across the whole country a state of emergency in response to the Covid-19 pandemic. “We ...

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