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Japan IRs to verify identity of big money players

Niji Ng

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Japan IRs to verify identity of big money players
Photo Source: tahitivillage.com
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The Experts’ Committee, which is setting up ground rules for the soon-to-be-launched Japanese integrated resorts, has proposed a mandatory requirement of verifying and confirming the identity of any player looking to buy chips worth JPY300,000 (US$2,650) or more. The committee also proposed that the maximum space a casino floor can occupy must be limited to 3 per cent of the total IR space. The panel also suggested a higher minimum size for hotel rooms in the nation’s IRs.

The panel also wants any transactions worth JPY1 million (US$8,830) to be reported to the Casino Management Committee—the IR oversight committee to be established next year.

The Japanese government will issue its decree in 2019 laying out the specific standards for IRs based on the Act on Promotion of Development of Specified Complex Tourist Facilities Area.

 

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Sega Sammy throws in hat into Japan’s IR bidding ring

Niji Ng

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Sega Sammy throws in hat into Japan’s IR bidding ring
Photo Source: ggrasia.com
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Sega Sammy Holdings Inc., the entertainment behemoth in Japan, has entered into the bidding fray for Japan’s proposed integrated resort (IR) license for operating casinos. The big Japanese is looking for the “most appropriate partner” to bid for IR license.

As per Japan’s IR bill, three casinos will be allowed in the country. The venue of these licenses is not chosen yet. A bidding process will begin soon. A number of international companies planning to set shop in Japan to play a part in the gaming revolution in Japan. Sega Sammy expects the bidding process to “commence in 2019 at the earliest and in 2020 at the latest.”

“We would prepare for formulating plans in line with such timing,” including announcing partners, said the company.

Sega Sammy has mentioned previously it was “accumulating know-how” in resort management via its investment in South Korean foreigner-only casino resort Paradise City.

In October, Sega Sammy’s chairman and group chief executive Hajime Satomi said such knowledge would set the brand in good stead for its strategy of investing in other “growth businesses” including a bid for a casino resort in Japan.

Mr Satomi added that Sega Sammy was interested primarily in being a majority owner of any Japan casino project in which it participates. In that country, such schemes are known as “integrated resorts” or IRs.

In the latest presentation, Sega Sammy’s management said that if the partnership with South Korean casino operator Paradise Co Ltd “becomes a big success,” the Paradise City brand can be expanded “into different regions.” That did not mean, however, that the group had decided to bid for a Japanese licence in partnership with Paradise Co, it added.

“For a Japanese integrated resort, we would like to find the most appropriate partner including other collaborative operators as the partnership with Paradise group has not been decided,” it stated.

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Police arrest 8 persons in China for illegal online gambling

Niji Ng

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Police arrest 8 persons in China for illegal online gambling
Photo Source: europa.eu
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Police in Anhui Province, an eastern province in China, have nabbed eight persons in connection with alleged running of organising online gambling business. The business allegedly had about 500 gamblers and was worth 100 million yuan (around 14.6 million U.S. dollars).

The police raided the office of the online casino. The gang was conducting the operations through an instant messaging app.

The police received a tip-off from a person who allegedly lost 130,000 yuan in gambling with the group. A task group was set up to investigate the case in the city of Pingxiang in neighbouring Jiangxi Province, where the chat group organisers were based. Eight suspects were arrested as of Nov. 28. Further investigation is underway.

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Rush Street starts Japanese sojourn

Niji Ng

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Rush Street starts Japanese sojourn
Photo Source: tripsavvy.com
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Rush Street, the US casino operator has started operations of its Japanese subsidiary Rush Street Japan as it opened an office in the port town of Tomakomai. The company will strive to obtain a casino license in Hokkaido.

Hokkaido, the northern most of Japan’s archipelago and known for its volcanos, is a tourist destination having direct flight connection to South Korea, mainland China, Taiwan, Hong Kong, Singapore and Thailand.

Gambling majors like Caesars, Hard Rock, Mohegan, Clairvest, and Foxwoods are already trying to get a license in Hokkaido. So the competition is stiff. Tomakomai City, Kushiro City, and Rusutsu Village have all been touted as potential locations for a regional casino.

The operator will call on its experience in developing and operating casinos in Des Plaines, Philadelphia, Pittsburgh, and Schenectady.

Rush Street commented: “Rush Street IR facilities are developed from scratch, taking advantage of the characteristics of the area. For example, in our facilities located in North America, restaurants and lounges are carefully designed for the food culture and climate of the locality, and hotels and entertainment facilities are constructed to melt into the area while using the land. For example, Fallsview Casino Resort in Niagara Falls, Ontario, Canada, has been developed to blend in with the natural landscape and is now a landmark in the area that expresses the majestic nature of Niagara. This development project was realised with the largest single investment by Ontario Government. For the facilities in Illinois state in the United States, we are the first in the IR market to acquire LEED’s gold certification, an environmental performance evaluation system.”

“In Hokkaido we will develop a custom-made IR making full use of regional features while incorporating knowledge from the world’s best real estate developer. Promoting the development of the IR will be managed thorough field survey, plans that incorporate the views of the local community, and design of facilities that considers the local environment-friendly facilities.”

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