Three Japan Casino Licenses Available, Eight Areas Interested in Hosting Integrated Resort. Posted on: September 26, 2019, 07:45h. Last updated on: September 26, 2019 ... Business May 15, 2019. Japan IR Expo opens in Osaka as candidates step up efforts to win integrated casino resort licenses. by Eric Johnston. With the cities of Osaka and Wakayama stepping up ... In neighboring Wakayama Prefecture, plans for a casino resort in the Wakayama bay area are moving forward more smoothly. On Jan. 15, the prefecture announced that two firms were bidding for an IR ... (Integrated Resort Promotion Act art. 1.) Japan has no casinos. The Penal Code of Japan states that a person who runs a for-profit gambling establishment is punishable by imprisonment for three months to five years. (PENAL CODE, Act No. 45 of 1907, as amended by Act No. 72 of 2017, art. 185, para. 2, Japanese Law Translation website.) However, gaming and gambling establishments would be legal ... Race to host casino resort in Japan to intensify, but some areas wary. September 26, 2019 (Mainichi Japan) Japanese version (Mainichi) TOKYO -- A total of eight areas in Japan are looking at ... Although the casino resort is a form of local economic stimulus, which will help boosting the tourism in Yokohama, there is a number of community groups that have lobbied against the notion. On a plenary meeting in early November, the Yokohama city council voted against a draft ordinance calling for local referendum on the resort topic. Las Vegas Sands ended its plans to open an integrated resort (IR) casino in Japan. (Source photos by Kyodo/Reuters) ERI SUGIURA, Nikkei staff writer May 14, 2020 15:05 JST Japan. Copy Copied ... The status of MGM Resorts as the front-runner to be the first casino operator to open an integrated resort in Japan was cemented after Wynn Resorts (NASDAQ: WYNN) said last month that it was no ... Casino operators have suggested a $10 billion price tag has become the starting point for construction of an integrated resort, which includes casino gambling as well as shopping and non-gambling ... Other Japanese prefectures interested in winning casino resort privileges include Tokyo, Yokohama, Wakayama, and Nagasaki. IR Certifications, Gaming Licenses, and Taxation The duration of the certifications for each of the three planned integrated resorts in Japan is ten years under Chapter 2, Article 10 (1) of the Development Act.
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