Wakayama Prefecture Confirms Only Two Applicants for Integrated Casino Resort Project at the End of RFP Phase

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The end of recently saw the authorities in Japan’s Wakayama prefecture verify there were no new applicants interested in ending up being a private-sector companion for the local government in pursuit of among the three incorporated casino resorts that are readied to be established in the nation. As prefecture officials exposed, no brand-new firms had actually expressed rate of interest to make submissions for the prefecture’s delayed request-for-proposal (RFP) phase.

By the time the changed request-for-proposal stage involved an end on January 15th, the interested parties, which are willing to get involved in the task and also run an integrated gambling enterprise resort in Wakayama, had currently made their submissions. They coincided as the ones that the Wakayama authorities unveiled in May 2020 as qualified to take part in the neighborhood RFP phase of the application procedure.

According to information validated by the Japanese contributor of GGRAsia, the two business that had actually submitted their applications for running a potential integrated gambling establishment task were Suncity Holdings Japan Co Ltd, a local unit of the privately-held junket company Suncity Group based in Macau, and also Clairvest Neem Ventures, a division of the private-equity firm Clairvest Team based in Canada.

Back in November 2020, Wakayama announced January 15th as the new entry deadline for its request-for-proposal stage of the incorporated online casino resorts’ application procedure. The new deadline was virtually 3 months later than the one that had been previously introduced.

Integrated Casino Resorts’ Application Process Delayed by Coronavirus Pandemic

Yoshinobu Nisaka, the Governor of Wakayama, had actually previously exposed that the Agents of the Japanese Federal government had actually guaranteed neighborhood authorities that the prefecture’s close distance to Osaka, a metropolitan area that is likewise considered as one of the front runners in the integrated casino hotels’ application process, would certainly not be taken into consideration as a negative aspect when the national-level assessment of the suggested jobs begins.

As CasinoGamesPro already reported, as much as 3 integrated gambling establishment resorts are planned to be developed in Japan as the initial stage of the nation’s betting market liberalization. Supposed IRs are elegant large-scale online casino complexes that also include friendliness, enjoyment, and tourism facilities. Japan’s city governments were first required to locate a private-sector companion that would run a potential incorporated online casino hotel there and afterwards send their application to the nation’s main authorities.

The schedule, under which the national authorities of Japan are set to start approving the application proposals from local governments willing to organize an integrated online casino hotel, was delayed by 9 months to October 2021 as a result of the coronavirus pandemic outbreak.

A couple of days back, the prefecture of Wakayama formally announced its IR application plan. The prefecture shared that it planned to use the integrated gambling establishment resort to become an important part of the region’s revitalization, with the plan itself being mainly based upon wellness and also sports.