Asia

Anti-gambling Groups Oppose Potential IR in Yokohama

Published

6 years ago

July 4, 2019

Niji Narayan

Anti-gambling Groups Oppose Potential IR in Yokohama

Photo Source: agbnippon.com / Hayashi Fumiko, Mayor of Yokohama City.

Reading Time: < 1 minute

Anti-gambling groups have gathered forces to push against a potential IR in Yokohama and warned the city Mayor Fumiko Hayashi.

Fumiko Hayashi received a letter by anti-casino groups criticising the potential casino. The Yokohama Harbor Transport Association and the Yokohama Harbor Resort Association have sent the document.

“Operating an IR casino over the objections of an unpersuaded public is totally unacceptable,” stated in the letter.

According to the groups, an international convention centre without a casino could attract 20 million visitors annually and forecasted an overall economic impact of about €16 billion. They also warned that the family-aimed companies like Disney wouldn’t want Yokohama to host an IR close to them.

An estimated €2.8 billion to €7.1 billion revenue could come from a Yokohama casino. The estimate for annual EBITDA may range from €652 million to €1.7 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.