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ECONOMY

Osaka and Nagasaki submit IR development plans

  • April 27, 2022
  • , Sankei , p. 24
  • JMH Translation

On April 26, Osaka Prefecture applied to the Japanese government under the Integrated Resort (IR) Implementation Law for approval of its IR development plan, which summarizes its planned operation of an IR featuring a casino. That same day, Nagasaki Prefecture also submitted documents to the government for its IR plan. The government is expected to make a decision on the plans this fall after the proposals have been examined by an expert committee.

 

According to government policy, an IR must include a casino, international conference hall, exhibition facilities, and accommodation facilities. The Ministry of Land, Infrastructure, Transport and Tourism (MLIT)’s expert committee will examine such factors as the vision for the IR facilities, the IR’s economic impact on the area, including job creation, and measures to address gambling addiction.

 

If the government gives its approval, the local government will conclude an agreement with the government-approved business operator to implement the development plan. The agreement will enable the local government to move forward with formal contracts and the transfer of land. The construction work will then begin in earnest. (Abridged)

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