Osaka to Stick to Its Commitment to Participate in the IR Casino License Application Process


Osaka remains fully commited to its choice to participate with a deal in the bidding procedure for an operating gambling enterprise permit that is set to be opened by the Central Government of Japan. The nation is to release 3 operating permits for supposed integrated resorts in the initial stage of its gambling market expansion.

The statement of Osaka’s authorities comes less than 48 hours after Dr. Takeharu Yamanaka, that is a passionate anti-integrated casino site resorts campaigner, won the mayoral political election in Yokohama. After his triumph, the major-elect has guaranteed to look for the withdrawal of the second-biggest city in Japan from the license competition for the planned integrated gambling establishment hotels.

Fumiko Hayashi was looking for to win a fourth term at the mayoral setting in Yokohama. She has sustained a proposition for a multi-billion-dollar business casino hotel in the city however local citizens all rejected the pointer.

Throughout her giving in speech, Ms. Hayashi recognized there was solid resistance given that the bid for the incorporated gambling establishment hotel permit was exposed a number of years ago however additionally claimed numerous Yokohama citizens who she spoke with during her election campaign backed the task. She additionally notes that the coronavirus pandemic episode made it impossible for her to meet local people and get a much better perspective of their opinions on bringing a gambling enterprise to the area.

Yokohama’s Withdrawal from the Casino License Bidding Process Unlikely to Affect Osaka

Yokohama as well as Osaka are currently the 2nd and third-most populated cities on the area of Japan. Although Yokohama seems to be leaving the plans for an integrated resort bid, Osaka officials believe that the city would be able to move forward with the plans to look for one of the three casino site operating licenses thanks to appropriate public assistance.

According to Hirofumi Yoshimura, Guv of the Osaka Prefecture, the Yokohama mayoral political election would rarely have any significant impact on the integrated online casino hotel project of Osaka. Besides that, Mr. Yoshimura is not convinced that it was the controversial gambling establishment problem that brought about the victory of Dr. Yamanaka. He believes the continuous Covid-19 pandemic issues were much more most likely to be the ones responsible for Yokohama’s mayoral political election result.

As shared by the Guv of the Osaka Prefecture, the coronavirus pandemic controlled the Yokohama city’s elections. He even more noted that the spread of the Covid-19 infection is rapidly enhancing in the metropolitan area of better Tokyo, and that could be among the primary reasons that Dr. Yamanaka has managed to acquire the confidence of Yokohama’s homeowners.

Previously this year, the Prefecture of Osaka introduced a consortium headed by MGM Resorts as its official incorporated casino hotel advancement companion. In July, the United States gambling enterprise titan as well as the Japanese monetary solutions team Orix revealed an incorporated resort task worth $9.1 billion. The IR is readied to be developed on the “Dream Island” of Osaka.