print PRINT

ECONOMY

Osaka, Wakayama, Nagasaki to submit IR business plans: government survey

  • December 23, 2018
  • , Mainichi , p. 26
  • JMH Translation

The Osaka municipal office and Osaka Prefecture as well as the governments of Wakayama and Nagasaki will submit their business plans concerning the establishment of casino-centered integrated resorts, a government survey has revealed. The three areas have taken the lead in campaigning for hosting an IR by setting up offices exclusively tasked with this project, but the Tokyo metropolitan government has also implied a positive stance toward hosting an IR in the government survey by saying “under consideration.” The IR implementation law, which the government enacted as part of its growth strategy, allows for the selection of up to three locations to host IRs. Competition will likely heat up among local communities as early as next year, as they identify an IR as a growth engine to lift their economies.

 

Among the three locations, the city of Osaka launched an “IR promotion bureau” with the prefectural office in April 2017, a year ahead of the enactment of the IR implementation law. Osaka Governor Ichiro Matsui is looking to open an IR facility in 2024, ahead of the World Expo, which the prefecture will host in 2025. The national government plans to set forth basic guidelines concerning selection criteria and other matters as early as next summer. Matsui aims to narrow down operator candidates [in Osaka] before the basic guidelines are announced. In fiscal 2019, Osaka, Wakayama and Nagasaki plan to enhance the functions of their IR offices to step up their preparations. (Abridged)

  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan