Asia

Japan May Alter Timeline of Integrated Resorts Licensing

Published

4 years ago

August 12, 2020

Niji Narayan

Japan May Alter Timeline of Integrated Resorts Licensing

Photo Source: apnews.com

Reading Time: < 1 minute

Japan’s Minister of Land, Infrastructure, Transport and Tourism Kazuyoshi Akaba has said that the government is panning to change the timetable for licensing casino resorts in the country in view of Covid-19 pandemic.

According to the minister, the government is assessing the pandemic’s negative impact on the casino sector.

He told the media that “Some IR operators who have partnered with local governments are in a difficult situation due to the impact of the new coronavirus, and there have been opinions saying that the future is uncertain.”

He reportedly added: “We will act carefully, and once we have properly confirmed the situation with local governments on the ground.”

It must be noted that the Japanese government has not yet published a basic policy on IRs. Lack of such a policy also forces the prefectural governments to postpone their own processes of selecting a private-sector partner.

Earlier, the government had reportedly decided to publish an IR policy on July 26. But it has not happened. A change in timeline of IR licensing now looks inevitable.

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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.