Japan continues to position for IRs despite legislative delays

By David Rittvo*  As the Japan Diet begins its winter 2015 session, there is renewed anticipation for the passage of the Draft Integrated Resort legislation. Although the previous special session ended without the passage of the bill, there have been notable developments at both the federal and regional levels. The Innovation Group has been tracking the process in Japan for the past three years, including meeting with stakeholders in Tokyo, Osaka, Yokohama and other smaller regional markets. Last week, Yomiuri Shimbun, Japan’s largest newspaper announced that the federal government is currently considering draft legislation that includes the possibility of developing large-scale IR’s in Yokohama and Osaka only by 2020, in time for the Olympics. The draft legislation did not mention Tokyo as a possible other development. There was also no mention of a regional casino development in this announcement, but any IR is most likely to be placed in a smaller city away...

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