Asia

Japan PM Kishida Reaffirms Position in Favour of IRs

Published

3 years ago

March 18, 2022

Niji Narayan

Japan PM Kishida Reaffirms Position in Favour of IRs

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Japanese Prime Minister Fumio Kishida had reiterated his belief that opening up a casino industry in Japan could boost inbound tourism as the country finally looks to attract foreign tourists following the Covid-19 pandemic.

Last year, Japan’s bicameral legislature opened the application window for three integrated resorts licences. Those cities and prefectures interested in developing an integrated resort have until 28 April 2022 to submit their final project proposals.

Currently, only three cities are expected to bid for licences: Nagasaki, Osaka and Wakayama. That means all three could win their bids.

Tetsuo Saito, Japan’s minister of land, infrastructure, transport and tourism has said the government will set up a panel of experts to review plans submitted by prefectures that want to host IRs. The panel will include consideration of economic benefit calculations, prospects for the financial stability of such schemes, and certainty of funding.

Related Topics:casino industry Covid-19 pandemic Japanese Prime Minister Fumio Kishida

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.