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ECONOMY

Wakayama withdraws bid to host casino resort 

  • April 21, 2022
  • , Nikkei
  • JMH Summary

Nikkei wrote that the city of Osaka, Osaka Prefecture, and Nagasaki Prefecture will likely submit formal applications to the GOJ for the right to host integrated resorts featuring casinos. Although Wakayama Prefecture had been planning to submit an application, its assembly voted down the idea on Wednesday. The Osaka prefectural and municipal assemblies approved last month a plan to build a casino resort on Yumeshima, an artificial island in Osaka Bay, in partnership with MGM Resorts International and Orix Corp. Nagasaki Prefecture, whose assembly approved the bid on Wednesday, has teamed up with Casino Austria International Japan to build a casino resort on the site of its Huis Ten Bosch theme park in Sasebo. Yomiuri, Asahi, and Sankei ran similar stories, with Asahi saying that Wakayama’s withdrawal from the bid following Yokohama’s will deal another blow to the GOJ’s plan to stimulate the economy by hosting integrated resorts.  

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