Asia

Wakayama plans to start casinos in 2024 if chosen as Japan’s IR venue

Published

7 years ago

February 4, 2019

Niji Narayan

Wakayama plans to start casinos in 2024 if chosen as Japan’s IR venue

Photo Source: jalan.net

Reading Time: < 1 minute

Wakayama Prefecture has announced that it would launch casinos in 2024 if it is chosen as one of the three IR venues by the Japanese government.

The facility will be open at Wakayama Marina City, a location which already has an established infrastructure.

The prefecture is hoping to enjoy a bandwagon effect from the likely IR facility in Yumeshima that Osaka is favoured to win and has earmarked JPY200 million (US$1.8 million) in next year’s budget for the proposal.

Wakayama Marina City is near Kansai International Airport and boasts many attractive tourist spots nearby such as the Koyasan—a World Heritage Site—and the famous Shirahama Hot Springs. Aiming to open an IR at the same time as Osaka, Wakayama estimates an annual four million visitors with an anticipated economic ripple effect of JPY300 billion (US$2.75 billion).

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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.